Sendas Distribuidora (NYSE:ASAI) Reaches New 12-Month Low at $10.21

Sendas Distribuidora S.A. (NYSE:ASAI) reached a new 52-week low on Tuesday . The stock traded as low as $10.21 and last traded at $10.28, with a volume of 9848 shares trading hands. The stock had previously closed at $10.52.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upgraded Sendas Distribuidora from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $15.00 to $17.00 in a research note on Tuesday, April 23rd.

Sendas Distribuidora Stock Performance

The company has a quick ratio of 0.39, a current ratio of 0.77 and a debt-to-equity ratio of 4.10. The firm has a 50-day moving average of $12.52 and a 200 day moving average of $13.46. The stock has a market capitalization of $2.79 billion, a P/E ratio of 19.49, a PEG ratio of 0.45 and a beta of 1.11.

Sendas Distribuidora (NYSE:ASAI) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. Sendas Distribuidora had a net margin of 1.02% and a return on equity of 15.74%. The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.36 billion. Research analysts anticipate that Sendas Distribuidora S.A. will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Sendas Distribuidora

A number of institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its stake in Sendas Distribuidora by 535.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,378 shares of the company’s stock worth $47,000 after acquiring an additional 2,846 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of Sendas Distribuidora in the 1st quarter worth about $69,000. PNC Financial Services Group Inc. increased its position in shares of Sendas Distribuidora by 36.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,766 shares of the company’s stock worth $70,000 after purchasing an additional 1,539 shares in the last quarter. Jump Financial LLC bought a new position in Sendas Distribuidora during the 4th quarter valued at about $143,000. Finally, Bayesian Capital Management LP acquired a new position in Sendas Distribuidora in the first quarter valued at about $160,000. 8.76% of the stock is owned by institutional investors and hedge funds.

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.