Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Down – Should You Sell?

Shares of Raiffeisen Bank International AG (OTCMKTS:RAIFY) gapped down prior to trading on Wednesday. The stock had previously closed at $16.9985, but opened at $16.06. Raiffeisen Bank International shares last traded at $17.14, with a volume of 3,264 shares trading hands.

Raiffeisen Bank International Stock Down 3.6%

The company has a fifty day simple moving average of $18.03 and a two-hundred day simple moving average of $15.39. The stock has a market capitalization of $21.52 billion, a P/E ratio of 7.80 and a beta of 1.31.

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

About Raiffeisen Bank International

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.