CaixaBank (OTCMKTS:CAIXY) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.15 and traded as high as $3.36. CaixaBank shares last traded at $3.34, with a volume of 458,155 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of CaixaBank in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of CaixaBank in a report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

CaixaBank Trading Up 0.9%

The company’s fifty day simple moving average is $3.15 and its two-hundred day simple moving average is $2.80.

CaixaBank Company Profile

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.