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

Raia Drogasil S.A. (OTCMKTS:RADLY) shares gapped up prior to trading on Friday . The stock had previously closed at $3.50, but opened at $3.85. Raia Drogasil shares last traded at $3.85, with a volume of 1,075 shares trading hands.

Raia Drogasil Price Performance

The business has a 50 day simple moving average of $3.57 and a 200 day simple moving average of $4.19.

Raia Drogasil (OTCMKTS:RADLY) last announced its earnings results on Tuesday, August 4th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.32 billion. Sell-side analysts expect that Raia Drogasil S.A. will post 0.17 EPS for the current year.

Raia Drogasil Company Profile

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.