Raia Drogasil (OTCMKTS:RADLY) Shares Gap Down – Here’s Why

Raia Drogasil S.A. (OTCMKTS:RADLY) shares gapped down prior to trading on Friday. The stock had previously closed at $2.6750, but opened at $2.5650. Raia Drogasil shares last traded at $2.5650, with a volume of 388 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of Raia Drogasil to a “buy” rating and set a $5.20 target price for the company in a research report on Sunday, October 18th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Raia Drogasil currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.20.

Raia Drogasil Price Performance

The business’s fifty day moving average price is $3.57 and its 200-day moving average price is $4.00. The company has a market capitalization of $3.37 billion and a P/E ratio of 17.10. The company has a current ratio of 1.41, a quick ratio of 0.58 and a debt-to-equity ratio of 0.99.

Raia Drogasil (OTCMKTS:RADLY) last released its earnings results on Tuesday, November 3rd. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Raia Drogasil had a return on equity of 20.61% and a net margin of 2.89%. As a group, sell-side analysts predict that Raia Drogasil S.A. will post 0.17 earnings per share for the current fiscal year.

Raia Drogasil Company Profile

Raia Drogasil, now known as RD Saúde, is a Brazilian health and pharmacy retail company formed in 2011 through the merger of Droga Raia and Drogasil. It operates pharmacy stores under the Raia and Drogasil brands. The company sells prescription and over-the-counter medicines, personal care and beauty products, and other health and wellness goods. It serves customers across Brazil through its retail locations and digital channels, including online ordering and delivery. In addition to pharmacy retail, RD Saúde provides health-related services through its stores and digital platforms.