Zacks Investment Research Lowers Trxade Group (TRXD) to Hold

Trxade Group (OTCMKTS:TRXD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

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. “

A number of other brokerages have also commented on TRXD. Taglich Brothers reissued a “speculative buy” rating on shares of Trxade Group in a research report on Friday, October 6th. ValuEngine raised shares of Trxade Group from a “sell” rating to a “hold” rating in a research report on Thursday.

Shares of Trxade Group (OTCMKTS TRXD) remained flat at $$0.45 on Friday. 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 twelve month low of $0.22 and a twelve month high of $1.00.

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Trxade Group Company Profile

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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