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

Raia Drogasil S.A. (OTCMKTS:RADLY)’s share price gapped down before the market opened 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 traded.

Analysts Set New Price Targets

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 note on Sunday, October 18th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.20.

Raia Drogasil Stock Up 1.2%

The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.58 and a current ratio of 1.41. The firm has a fifty day moving average price of $3.54 and a 200 day moving average price of $3.99. The firm has a market capitalization of $3.41 billion and a price-to-earnings ratio of 17.31.

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

About Raia Drogasil

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.