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

Shares of Raiffeisen Bank International AG (OTCMKTS:RAIFYGet Free Report) 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.

Analyst Ratings Changes

Separately, Barclays cut 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.com, the stock currently has a consensus rating of “Hold”.

View Our Latest Stock Report on RAIFY

Raiffeisen Bank International Stock Performance

The stock’s 50 day moving average price is $9.13 and its 200-day moving average price is $8.32. The company has a market cap of $13.35 billion, a PE ratio of 14.30 and a beta of 1.10.

Raiffeisen Bank International (OTCMKTS:RAIFYGet Free Report) 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 0.14% and a positive return on equity of 3.09%. The business had revenue of $2.63 billion during 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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