Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Up – Should You Buy?

Raiffeisen Bank International AG (OTCMKTS:RAIFY) shares gapped up before the market opened on Thursday . The stock had previously closed at $9.30, but opened at $9.70. Raiffeisen Bank International shares last traded at $9.70, with a volume of 155 shares.

Analyst Upgrades and Downgrades

Separately, Barclays lowered Raiffeisen Bank International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Raiffeisen Bank International currently has an average rating of “Hold”.

Raiffeisen Bank International Stock Performance

The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 13.66 and a beta of 1.34. The company’s 50-day moving average is $8.69 and its 200-day moving average is $8.00.

Raiffeisen Bank International (OTCMKTS:RAIFY) last issued its earnings results on Thursday, October 30th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $2.63 billion for the quarter. Raiffeisen Bank International had a negative net margin of 0.56% and a positive return on equity of 2.89%.

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.