Raiffeisen Bank International (OTCMKTS:RAIFY) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Raiffeisen Bank International AG (OTCMKTS:RAIFY)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.70 and traded as high as $11.7450. Raiffeisen Bank International shares last traded at $11.46, with a volume of 9,021 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded Raiffeisen Bank International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Raiffeisen Bank International Trading Up 0.3%

The stock’s fifty day moving average is $10.74 and its two-hundred day moving average is $9.21.

Raiffeisen Bank International (OTCMKTS:RAIFY) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.67 EPS for the quarter. The company had revenue of $2.63 billion during the quarter. Raiffeisen Bank International had a positive return on equity of 3.09% and a negative net margin of 0.14%.

Raiffeisen Bank International Company Profile

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.