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

Shares of Raia Drogasil S.A. (OTCMKTS:RADLY) 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded Raia Drogasil to a “buy” rating and set a $5.20 price target on the stock in a research report on Sunday, October 18th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $5.20.

Raia Drogasil Price Performance

The stock has a market capitalization of $3.37 billion and a PE ratio of 17.10. The business’s 50-day moving average price is $3.57 and its 200 day moving average price is $4.00. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.58 and a current ratio of 1.41.

Raia Drogasil (OTCMKTS:RADLY) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Raia Drogasil had a return on equity of 20.61% and a net margin of 2.89%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.43 billion. Research analysts forecast that Raia Drogasil S.A. will post 0.17 earnings per share for the current 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.