Trxade Group (OTCMKTS:TRXD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage currently has a $0.25 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential downside of 28.82% from the company’s current price.

According to Zacks, “Trxade Group, Inc. is a web based market platform that enables trade among healthcare buyers and sellers of pharmaceuticals, accessories and services. The company’s products and services include Web-based pharmaceutical marketplaces comprising Trxade.com and Trxade.com; Pharmabayonline, which offers access to proprietary pharmaceutical data analytics to the United States-based independent pharmacies; RxGuru, a software as a service-based desktop application that provides daily drug pricing and analytics to the independent pharmacists; and Pinnacle Tek, an information technology consulting and staffing solution. Trxade Group, Inc. is based in Lutz, Florida. “

Separately, Taglich Brothers restated a “speculative buy” rating on shares of Trxade Group in a report on Friday, October 6th.

Trxade Group (OTCMKTS TRXD) opened at $0.35 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of -0.82. Trxade Group has a fifty-two week low of $0.22 and a fifty-two week high of $1.00.

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About Trxade Group

Trxade Group, Inc (Trxade) designs, develops, owns and operates a business-to-business Web-based marketplace focused on the United States pharmaceutical industry. The Company’s products and services include Trxade.com, InventoryRx.com, Pharmabayonline and RxGuru. Its services are distributed through its online platform.

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