Raiffeisen Bank International (OTCMKTS:RAIFY) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Raiffeisen Bank International AG (OTCMKTS:RAIFY) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.57 and traded as high as $9.00. Raiffeisen Bank International shares last traded at $8.97, with a volume of 10,310 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 investment 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 Price Performance

The firm has a market capitalization of $11.80 billion, a P/E ratio of 13.80 and a beta of 1.35. The stock’s 50-day simple moving average is $8.57 and its two-hundred day simple moving average is $7.80.

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 for the quarter. Raiffeisen Bank International had a negative net margin of 0.56% and a positive return on equity of 2.89%.

Raiffeisen Bank International Company Profile

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.