Erste Group Bank (OTCMKTS:EBKDY) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Erste Group Bank AG (OTCMKTS:EBKDY) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $62.75 and traded as high as $63.99. Erste Group Bank shares last traded at $62.91, with a volume of 52,224 shares.

Analyst Ratings Changes

EBKDY has been the topic of a number of recent research reports. Citigroup reiterated a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. Zacks Research raised Erste Group Bank from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, September 2nd. Finally, Oddo Bhf upgraded shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Erste Group Bank Price Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $48.86 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99. The business’s 50-day simple moving average is $65.92 and its two-hundred day simple moving average is $62.75.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austria-based financial services group that provides banking and related services to retail customers, small and medium-sized businesses, corporations, public-sector organizations and institutional clients. Its offerings include deposit accounts, consumer and mortgage lending, business finance, payment services, investment products, securities trading and wealth management.

Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations.