Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Up – Time to Buy?

Shares of Raiffeisen Bank International AG (OTCMKTS:RAIFY) gapped up prior to trading on Tuesday. The stock had previously closed at $16.2160, but opened at $17.6275. Raiffeisen Bank International shares last traded at $17.13, with a volume of 1,148 shares trading hands.

Raiffeisen Bank International Trading Up 1.0%

The firm has a 50 day simple moving average of $17.10 and a 200 day simple moving average of $14.83. The firm has a market capitalization of $22.79 billion, a PE ratio of 9.98 and a beta of 1.34.

Raiffeisen Bank International (OTCMKTS:RAIFY) last posted its earnings results on Tuesday, November 3rd. The financial services provider reported $0.31 EPS for the quarter. Raiffeisen Bank International had a return on equity of 9.09% and a net margin of 16.10%. The business had revenue of $2.66 billion during the quarter.

Raiffeisen Bank International Company Profile

Raiffeisen Bank International AG is an Austrian banking group headquartered in Vienna. It provides banking and related financial services to corporate, institutional and retail customers, with a business focused on Austria and selected markets in Central and Eastern Europe.

Its services include corporate and retail banking, financing, payments, trade finance and investment banking. The group also offers products such as deposits, loans and cash-management services, with offerings tailored to the needs of businesses and individuals in the markets it serves.

The company traces its roots to Austria’s Raiffeisen banking network, whose central institution was established in 1927.