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

Raiffeisen Bank International AG (OTCMKTS:RAIFY) gapped down prior to trading on Friday . The stock had previously closed at $11.4310, but opened at $10.90. Raiffeisen Bank International shares last traded at $10.90, with a volume of 8,656 shares changing hands.

Analyst Upgrades and Downgrades

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

Raiffeisen Bank International Stock Performance

The business’s fifty day simple moving average is $10.36 and its 200 day simple moving average is $8.94. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 15.47 and a beta of 1.11.

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

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.