Raiffeisen Bank International (OTCMKTS:RAIFY) Stock Price Up 9% – Here’s Why

Raiffeisen Bank International AG (OTCMKTS:RAIFY) shot up 9% during mid-day trading on Tuesday. The company traded as high as $17.34 and last traded at $17.34. Approximately 1,706 shares were traded during trading, a decline of 89% from the average daily volume of 14,959 shares. The stock had previously closed at $15.9150.

Raiffeisen Bank International Price Performance

The stock has a market cap of $21.87 billion, a P/E ratio of 7.93 and a beta of 1.31. The stock’s 50 day simple moving average is $17.95 and its two-hundred day simple moving average is $15.54.

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

About Raiffeisen Bank International

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.