Rite Aid (RAD) Sees Unusually-High Trading Volume
Rite Aid Co. (NYSE:RAD) shares saw unusually-high trading volume on Wednesday . Approximately 50,136,495 shares changed hands during trading, an increase of 84% from the previous session’s volume of 27,280,369 shares.The stock last traded at $2.05 and had previously closed at $2.20.
RAD has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Rite Aid from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Vetr raised shares of Rite Aid from a “hold” rating to a “strong-buy” rating and set a $2.54 target price for the company in a research report on Tuesday, January 16th. Deutsche Bank initiated coverage on shares of Rite Aid in a research report on Monday, December 4th. They set a “hold” rating and a $2.25 target price for the company. Royal Bank of Canada set a $2.00 target price on shares of Rite Aid and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Evercore ISI initiated coverage on shares of Rite Aid in a research report on Thursday, January 4th. They set an “underperform” rating and a $1.50 target price for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $2.75.
The stock has a market capitalization of $2,160.00, a price-to-earnings ratio of 18.36 and a beta of 1.76. The company has a debt-to-equity ratio of 3.66, a current ratio of 0.86 and a quick ratio of 0.59.
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Rite Aid Company Profile
Rite Aid Corporation is a retail drugstore chain. The Company’s segments include Retail Pharmacy and Pharmacy Services. The Company operates under The Rite Aid name. It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia. The Company’s Retail Pharmacy segment consists of Rite Aid stores, RediClinic and Health Dialog.
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