Raia Drogasil (OTCMKTS:RADLY) Shares Down 8.4% – Here’s What Happened

Raia Drogasil S.A. (OTCMKTS:RADLY)’s stock price was down 8.4% during trading on Monday . The company traded as low as $3.31 and last traded at $3.37. 205 shares were traded during trading, a decline of 100% from the average daily volume of 58,836 shares. The stock had previously closed at $3.68.

Analyst Upgrades and Downgrades

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

Raia Drogasil Stock Performance

The business’s 50-day simple moving average is $3.91 and its 200-day simple moving average is $4.39.

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.