Sendas Distribuidora S.A. (NYSE:ASAI) Plans $0.05 — Dividend

Sendas Distribuidora S.A. (NYSE:ASAI) announced a — dividend on Tuesday, December 31st,Wall Street Journal reports. Investors of record on Friday, January 10th will be paid a dividend of 0.0488 per share on Friday, March 7th. The ex-dividend date is Friday, January 10th.

Sendas Distribuidora Stock Performance

ASAI traded down $0.04 on Thursday, reaching $4.43. The stock had a trading volume of 304,158 shares, compared to its average volume of 466,255. The business’s 50-day moving average price is $5.64 and its two-hundred day moving average price is $7.51. The company has a market cap of $1.20 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 0.44 and a beta of 0.92. Sendas Distribuidora has a 12-month low of $4.05 and a 12-month high of $15.25. The company has a current ratio of 0.86, a quick ratio of 0.43 and a debt-to-equity ratio of 4.15.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ASAI. Bank of America cut shares of Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 target price for the company. in a research report on Friday, September 13th. Hsbc Global Res upgraded Sendas Distribuidora to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. cut Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 price target for the company. in a report on Monday, September 9th.

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.