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

Raiffeisen Bank International AG (OTCMKTS:RAIFY) gapped down prior to trading on Thursday . The stock had previously closed at $10.4240, but opened at $10.10. Raiffeisen Bank International shares last traded at $10.10, with a volume of 2,792 shares.

Wall Street Analyst Weigh In

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

Raiffeisen Bank International Trading Down 0.9%

The stock has a 50-day simple moving average of $9.20 and a 200 day simple moving average of $8.35. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 14.27 and a beta of 1.10.

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

About Raiffeisen Bank International

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.