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

Shares of Raia Drogasil S.A. (OTCMKTS:RADLY) gapped up prior to trading 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 Ratings Changes

Separately, Zacks Research upgraded Raia Drogasil to a “hold” rating in a research note on Thursday, April 9th. One equities 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 7.6%

The stock has a fifty day simple moving average of $3.56 and a two-hundred day simple moving average of $4.23.

Raia Drogasil (OTCMKTS:RADLY) last issued its earnings results on Tuesday, August 4th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.32 billion.

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.