Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Up 9% – Here’s What Happened

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

Raiffeisen Bank International Trading Down 3.5%

The stock has a 50 day moving average of $17.86 and a 200-day moving average of $15.62. The stock has a market capitalization of $20.50 billion, a P/E ratio of 7.70 and a beta of 1.31.

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

Raiffeisen Bank International Company Profile

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.