Raia Drogasil (OTCMKTS:RADLY) Shares Down 9.7% – Here’s Why

Shares of Raia Drogasil S.A. (OTCMKTS:RADLY) traded down 9.7% during trading on Tuesday . The company traded as low as $3.47 and last traded at $3.5214. Approximately 858 shares were traded during trading, a decline of 99% from the average daily volume of 69,451 shares. The stock had previously closed at $3.90.

Raia Drogasil Price Performance

The company’s 50 day moving average is $3.57 and its 200-day moving average is $4.21.

Raia Drogasil (OTCMKTS:RADLY) last posted its quarterly earnings data 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 the consensus estimate of $2.32 billion. On average, analysts anticipate that Raia Drogasil S.A. will post 0.16 earnings per share for the current year.

About Raia Drogasil

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.