Sendas Distribuidora (NYSE:ASAI) Sees Strong Trading Volume – Still a Buy?

Shares of Sendas Distribuidora S.A. (NYSE:ASAI) saw unusually-strong trading volume on Wednesday . Approximately 236,072 shares were traded during mid-day trading, a decline of 46% from the previous session’s volume of 436,351 shares.The stock last traded at $4.48 and had previously closed at $4.59.

Analyst Ratings Changes

ASAI has been the subject of several research analyst reports. Hsbc Global Res raised Sendas Distribuidora to a “strong-buy” rating in a report on Tuesday, September 24th. Bank of America lowered Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 price objective for the company. in a report on Friday, September 13th.

Sendas Distribuidora Stock Up 2.0 %

The company has a quick ratio of 0.43, a current ratio of 0.86 and a debt-to-equity ratio of 4.15. The company has a market cap of $1.27 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 0.44 and a beta of 0.95. The company has a fifty day moving average of $5.40 and a 200 day moving average of $7.29.

Sendas Distribuidora Cuts Dividend

The business also recently declared a — dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.0488 per share. The ex-dividend date of this dividend is Friday, January 10th. Sendas Distribuidora’s dividend payout ratio is presently 8.70%.

Institutional Trading of Sendas Distribuidora

Several hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of Sendas Distribuidora by 145.6% in the third quarter. Blue Trust Inc. now owns 3,716 shares of the company’s stock valued at $26,000 after acquiring an additional 2,203 shares in the last quarter. Signaturefd LLC lifted its position in shares of Sendas Distribuidora by 186.4% in the third quarter. Signaturefd LLC now owns 10,091 shares of the company’s stock valued at $69,000 after acquiring an additional 6,567 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Sendas Distribuidora in the third quarter valued at about $77,000. AQR Capital Management LLC lifted its position in shares of Sendas Distribuidora by 44.4% in the second 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 in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Sendas Distribuidora in the second quarter worth about $212,000. Institutional investors own 8.76% of the company’s stock.

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.