Raiffeisen Bank International (OTCMKTS:RAIFY) Stock Price Down 6.7% – Here’s What Happened

by · The Cerbat Gem

Shares of Raiffeisen Bank International AG (OTCMKTS:RAIFY – Get Free Report) fell 6.7% during mid-day trading on Thursday . The company traded as low as $10.57 and last traded at $10.9450. 5,272 shares traded hands during trading, a decline of 65% from the average session volume of 15,041 shares. The stock had previously closed at $11.73.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on Raiffeisen Bank International

Raiffeisen Bank International Trading Down 4.7%

The firm’s 50-day simple moving average is $9.56 and its 200-day simple moving average is $8.54. The company has a market capitalization of $13.79 billion, a PE ratio of 14.76 and a beta of 1.10.

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

About Raiffeisen Bank International

(Get Free Report)

Raiffeisen Bank International AG, together with its subsidiaries, offers banking services to corporate, private customers, and institutional customers. The company offers cash management, cross border accounts, electronic banking, payments solutions, sustainable and subsidized financing, leveraged and acquisition financing, project and structured financing, real estate financing, leasing, factoring, trade and export financing, investment banking, investing, hedging, and investor services to its institutional clients and corporate customers in agri food and beverage, automotive, construction and building materials, food and beverage, healthcare and pharmaceuticals, oil and gas, packaging, real estate, retail, technology, telecom, and utilities industries.

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