Shares of Sendas Distribuidora S.A. (NYSE:ASAI – Get Rating) gapped down prior to trading on Tuesday . The stock had previously closed at $19.42, but opened at $18.90. Sendas Distribuidora shares last traded at $18.38, with a volume of 6,059 shares changing hands.

Sendas Distribuidora Trading Up 0.8 %

The stock's 50-day simple moving average is $18.42 and its 200 day simple moving average is $16.98. The company has a current ratio of 0.91, a quick ratio of 0.46 and a debt-to-equity ratio of 5.10.

Sendas Distribuidora (NYSE:ASAI – Get Rating) last released its earnings results on Thursday, October 20th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.03 by $0.17. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $543.73 million. As a group, sell-side analysts predict that Sendas Distribuidora S.A. will post 0.79 EPS for the current year.

Sendas Distribuidora Cuts Dividend

Institutional Investors Weigh In On Sendas Distribuidora

Large investors have recently bought and sold shares of the stock. FMR LLC grew its stake 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 buying an additional 1,123 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Sendas Distribuidora in the second quarter valued at approximately $45,000. Atlas Capital Advisors LLC bought a new stake in shares of Sendas Distribuidora during the second quarter valued at approximately $124,000. US Bancorp DE raised its position in shares of Sendas Distribuidora by 75.4% during the third quarter. US Bancorp DE now owns 7,775 shares of the company's stock worth $125,000 after purchasing an additional 3,343 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Sendas Distribuidora in the 2nd quarter worth $151,000. 4.45% of the stock is currently owned by institutional investors and hedge funds.

About Sendas Distribuidora

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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.

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