Raiffeisen Bank International (OTCMKTS:RAIFY) Stock Price Down 3.6% – Time to Sell?

Raiffeisen Bank International AG (OTCMKTS:RAIFY)’s share price was down 3.6% during trading on Thursday . The stock traded as low as $17.55 and last traded at $17.55. Approximately 3,769 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 14,497 shares. The stock had previously closed at $18.20.

Raiffeisen Bank International Stock Down 3.6%

The firm has a market capitalization of $23.42 billion, a PE ratio of 8.50 and a beta of 1.24. The stock has a 50-day simple moving average of $17.58 and a 200-day simple moving average of $14.77.

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

About Raiffeisen Bank International

Raiffeisen Bank International AG (OTCMKTS:RAIFY) is an Austrian banking group headquartered in Vienna. The company provides banking and financial services to individuals, small and medium-sized businesses, corporate clients and institutional customers.

Its product and service offerings include current and savings accounts, consumer and mortgage lending, business financing, payment services, investment and wealth management, trade finance, leasing, and corporate and investment banking. RBI also serves larger clients through capital-markets, treasury and advisory services.

Raiffeisen Bank International operates in Austria and has historically maintained a broad network of banking subsidiaries and branches across Central and Eastern Europe, including markets such as the Czech Republic, Slovakia, Hungary, Romania, Bulgaria, Croatia, Serbia, Bosnia and Herzegovina, Kosovo and Ukraine.