Raia Drogasil (OTCMKTS:RADLY) Sees Large Volume Increase – Still a Buy?

Raia Drogasil S.A. (OTCMKTS:RADLY) shares saw strong trading volume on Thursday . 52,380 shares traded hands during trading, an increase of 165% from the previous session’s volume of 19,752 shares.The stock last traded at $3.3080 and had previously closed at $3.43.

Analysts Set New Price Targets

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

Raia Drogasil Trading Down 1.4%

The business has a 50-day moving average of $4.19 and a 200-day moving average of $4.48.

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.