Redcare Pharmacy (OTCMKTS:SAEYY) Shares Down 14.4% – Here’s What Happened

Shares of Redcare Pharmacy NV (OTCMKTS:SAEYY) traded down 14.4% on Tuesday . The stock traded as low as $7.7050 and last traded at $7.7050. 200 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,050 shares. The stock had previously closed at $9.00.

Analyst Ratings Changes

Separately, Barclays initiated coverage on Redcare Pharmacy in a research note on Tuesday, October 7th. They issued an “overweight” rating for the company. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Redcare Pharmacy Stock Performance

The company has a fifty day simple moving average of $7.65 and a two-hundred day simple moving average of $9.51.

Redcare Pharmacy Company Profile

Redcare Pharmacy NV operates in online pharmacy business in the Netherlands, Germany, Italy, Belgium, Switzerland, Austria, and France. It provides prescription and non-prescription over-the-counter pharmaceuticals, beauty and personal care products, and food supplements. The company was formerly known as Shop Apotheke Europe N.V. and changed its name to Redcare Pharmacy NV in June 2023. Redcare Pharmacy NV was founded in 2001 and is headquartered in Sevenum, the Netherlands.