Raia Drogasil (OTCMKTS:RADLY) Shares Up 14.6% – Here’s Why

Raia Drogasil S.A. (OTCMKTS:RADLY)’s stock price shot up 14.6% during trading on Thursday . The company traded as high as $4.12 and last traded at $4.12. Approximately 1,525 shares traded hands during trading, a decline of 97% from the average session volume of 57,925 shares. The stock had previously closed at $3.5960.

Analysts Set New Price Targets

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

Raia Drogasil Trading Up 0.0%

The stock has a 50 day moving average price of $3.58 and a two-hundred day moving average price of $4.28.

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.