Raia Drogasil (OTCMKTS:RADLY) Shares Up 13.3% – Here’s Why

Raia Drogasil S.A. (OTCMKTS:RADLY)’s stock price rose 13.3% on Wednesday . The company traded as high as $3.83 and last traded at $3.83. 692 shares traded hands during trading, a decline of 99% from the average session volume of 56,417 shares. The stock had previously closed at $3.38.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Raia Drogasil to a “hold” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Raia Drogasil Price Performance

The company’s 50 day simple moving average is $3.74 and its 200 day simple moving average is $4.34.

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.