Sendas Distribuidora (NYSE:ASAI) Sees Large Volume Increase

Sendas Distribuidora S.A. (NYSE:ASAI – Get Rating) saw an uptick in trading volume on Monday . 8,367 shares traded hands during trading, a decline of 97% from the previous session’s volume of 287,976 shares.The stock last traded at $17.84 and had previously closed at $17.46.

Sendas Distribuidora Stock Up 4.1 %

The company has a debt-to-equity ratio of 5.10, a current ratio of 0.91 and a quick ratio of 0.46. The stock has a fifty day moving average price of $18.27 and a two-hundred day moving average price of $16.84.

Sendas Distribuidora (NYSE:ASAI – Get Rating) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.17. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $543.73 million. On average, equities analysts forecast that Sendas Distribuidora S.A. will post 0.79 EPS for the current year.

Institutional Investors Weigh In On Sendas Distribuidora

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Institutional investors have recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Sendas Distribuidora by 64.5% in the 2nd quarter. FMR LLC now owns 2,865 shares of the company’s stock valued at $39,000 after acquiring an additional 1,123 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Sendas Distribuidora in the 2nd quarter valued at approximately $45,000. Atlas Capital Advisors LLC bought a new stake in shares of Sendas Distribuidora in the 2nd quarter valued at approximately $124,000. US Bancorp DE increased its holdings in shares of Sendas Distribuidora by 75.4% in the 3rd quarter. US Bancorp DE now owns 7,775 shares of the company’s stock valued at $125,000 after acquiring an additional 3,343 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Sendas Distribuidora during the 2nd quarter worth $151,000. 5.20% of the stock is currently owned by institutional investors.

Sendas Distribuidora Company Profile

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Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. As of March 31, 2022, the company operated 216 stores under the Assaí banner, as well as 13 distribution centers. It serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.