Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Down – Here’s Why

Raiffeisen Bank International AG (OTCMKTS:RAIFY) shares gapped down prior to trading on Thursday. The stock had previously closed at $17.94, but opened at $16.19. Raiffeisen Bank International shares last traded at $16.51, with a volume of 1,962 shares traded.

Raiffeisen Bank International Stock Performance

The stock has a 50-day moving average of $17.99 and a 200 day moving average of $15.23. The firm has a market capitalization of $21.76 billion, a P/E ratio of 7.89 and a beta of 1.24.

Raiffeisen Bank International (OTCMKTS:RAIFY) last issued its quarterly earnings data on Friday, July 31st. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $2.67 billion during the quarter. Raiffeisen Bank International had a return on equity of 10.94% and a net margin of 19.31%.

Raiffeisen Bank International Company Profile

Raiffeisen Bank International AG is an Austrian banking group headquartered in Vienna. The company provides financial services to corporate, institutional and retail customers, including deposit accounts, lending, payment services, trade finance, investment banking, asset management and treasury solutions.

RBI serves customers in Austria and across Central and Eastern Europe through its banking subsidiaries and branch network. Its regional activities have included markets such as Albania, Bosnia and Herzegovina, Croatia, the Czech Republic, Hungary, Kosovo, Romania, Serbia and Slovakia, although its presence and operations may change over time.