Sendas Distribuidora (NYSE:ASAI) Shares Gap Down to $13.68

Sendas Distribuidora S.A. (NYSE:ASAI)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $13.68, but opened at $13.33. Sendas Distribuidora shares last traded at $13.37, with a volume of 34,577 shares changing hands.

Sendas Distribuidora Stock Down 6.9 %

The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 0.68 and a beta of 1.12. The company has a current ratio of 0.89, a quick ratio of 0.48 and a debt-to-equity ratio of 4.69. The firm’s 50 day simple moving average is $14.21 and its 200-day simple moving average is $13.38.

Sendas Distribuidora (NYSE:ASAI) last issued its earnings results on Wednesday, February 21st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.98 billion. Sendas Distribuidora had a net margin of 1.07% and a return on equity of 16.78%. On average, sell-side analysts anticipate that Sendas Distribuidora S.A. will post 0.61 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 business. Ronald Blue Trust Inc. acquired a new stake in shares of Sendas Distribuidora in the 3rd quarter valued at approximately $35,000. FMR LLC grew its holdings in Sendas Distribuidora by 64.5% during the second quarter. FMR LLC now owns 2,865 shares of the company’s stock worth $39,000 after acquiring an additional 1,123 shares during the period. Tower Research Capital LLC TRC raised its position in Sendas Distribuidora by 535.0% in 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. Quantbot Technologies LP acquired a new stake in Sendas Distribuidora in the third quarter valued at $52,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Sendas Distribuidora by 1,254.8% in the second quarter. PNC Financial Services Group Inc. now owns 4,227 shares of the company’s stock valued at $61,000 after acquiring an additional 3,915 shares during the period. Hedge funds and other institutional investors own 8.76% of the company’s stock.

About Sendas Distribuidora

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.