Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Down – Here’s What Happened
by Scott Moore · The Cerbat GemRaiffeisen Bank International AG (OTCMKTS:RAIFY – Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $13.7488, but opened at $13.02. Raiffeisen Bank International shares last traded at $13.02, with a volume of 481 shares changing hands.
Analyst Upgrades and Downgrades
Separately, UBS Group raised shares of Raiffeisen Bank International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.
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Raiffeisen Bank International Price Performance
The business’s fifty day simple moving average is $11.80 and its two-hundred day simple moving average is $10.90. The company has a market cap of $17.26 billion, a PE ratio of 12.17 and a beta of 1.14.
Raiffeisen Bank International (OTCMKTS:RAIFY – Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The financial services provider reported $0.37 earnings per share for the quarter. Raiffeisen Bank International had a net margin of 10.91% and a return on equity of 6.12%. The company had revenue of $2.63 billion during the quarter.
About Raiffeisen Bank International
Raiffeisen Bank International AG (RBI) is an Austrian banking group headquartered in Vienna, offering a diverse range of financial services. As a universal bank, RBI serves retail customers, small and medium-sized enterprises, and large corporates, with a particular focus on Central and Eastern Europe. The bank’s service portfolio encompasses everyday banking products, payment solutions, and digital services for individual clients, as well as cash management, trade finance, and structured lending for corporate and institutional customers.
In addition to traditional banking, RBI provides investment banking and capital markets services, including underwriting, debt and equity issuance, and advisory services.