Sendas Distribuidora (NYSE:ASAI) Sets New 52-Week Low – Time to Sell?

Sendas Distribuidora S.A. (NYSE:ASAI)’s stock price hit a new 52-week low on Monday . The stock traded as low as $4.80 and last traded at $4.80, with a volume of 3650 shares trading hands. The stock had previously closed at $4.81.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ASAI. JPMorgan Chase & Co. cut Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 price objective on the stock. in a research note on Monday, September 9th. Hsbc Global Res upgraded Sendas Distribuidora to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Bank of America cut Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 target price on the stock. in a research note on Friday, September 13th.

Sendas Distribuidora Stock Down 4.0 %

The company has a market capitalization of $1.25 billion, a P/E ratio of 10.46, a PEG ratio of 0.44 and a beta of 0.92. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.43 and a current ratio of 0.86. The stock has a 50 day moving average price of $6.09 and a 200 day moving average price of $8.11.

Institutional Investors Weigh In On Sendas Distribuidora

A number of hedge funds have recently made changes to their positions in the business. Blue Trust Inc. grew its holdings in Sendas Distribuidora by 145.6% during the 3rd quarter. Blue Trust Inc. now owns 3,716 shares of the company’s stock valued at $26,000 after buying an additional 2,203 shares in the last quarter. Signaturefd LLC lifted its position in Sendas Distribuidora by 186.4% in the 3rd quarter. Signaturefd LLC now owns 10,091 shares of the company’s stock worth $69,000 after buying an additional 6,567 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Sendas Distribuidora in the 3rd quarter worth approximately $77,000. Privium Fund Management B.V. lifted its position in Sendas Distribuidora by 26.3% in the 2nd quarter. Privium Fund Management B.V. now owns 13,928 shares of the company’s stock worth $122,000 after buying an additional 2,900 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Sendas Distribuidora by 44.4% in the 2nd quarter. AQR Capital Management LLC now owns 19,738 shares of the company’s stock worth $184,000 after buying an additional 6,068 shares during the last quarter. 8.76% of the stock is currently owned by institutional investors.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. The company serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.