Raia Drogasil (OTCMKTS:RADLY) Shares Gap Up – Here’s What Happened

Shares of Raia Drogasil S.A. (OTCMKTS:RADLY) gapped up before the market opened on Wednesday . The stock had previously closed at $3.65, but opened at $3.9370. Raia Drogasil shares last traded at $3.9370, with a volume of 6,309 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Raia Drogasil to a “hold” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Raia Drogasil Stock Performance

The business’s 50 day simple moving average is $3.57 and its 200-day simple moving average is $4.22.

Raia Drogasil (OTCMKTS:RADLY) last posted its earnings results on Tuesday, August 4th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.32 billion. Equities analysts predict that Raia Drogasil S.A. will post 0.16 EPS for the current fiscal year.

Raia Drogasil Company Profile

Raia Drogasil SA is a leading Brazilian retail pharmacy operator, offering a comprehensive range of prescription and over-the-counter medications, health and wellness products, personal care and beauty items, as well as a selection of convenience goods. The company’s network of stores operates under the Raia and Drogasil banners, serving diverse consumer needs across major urban centers. Complementary services include in-store prescription dispensing, compounding pharmacies and health screening programs such as blood pressure and glucose monitoring.

The company was formed in 2011 through the merger of two established Brazilian pharmacy chains, Drogasil and Droga Raia, each with origins dating back several decades.