Raia Drogasil (OTCMKTS:RADLY) Shares Up 13.3% – Still a Buy?

Shares of Raia Drogasil S.A. (OTCMKTS:RADLY) were up 13.3% during trading on Wednesday . The company traded as high as $3.83 and last traded at $3.83. 692 shares traded hands during trading, a decline of 99% from the average daily volume of 56,417 shares. The stock had previously closed at $3.38.

Wall Street Analysts Forecast Growth

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

Raia Drogasil Trading Up 3.1%

The business has a fifty day moving average price of $3.74 and a two-hundred day moving average price of $4.34.

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.