Raiffeisen Bank International (OTCMKTS:RAIFY) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Raiffeisen Bank International AG (OTCMKTS:RAIFY) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.60 and traded as high as $8.95. Raiffeisen Bank International shares last traded at $8.68, with a volume of 1,350 shares.

Wall Street Analyst Weigh In

Separately, Barclays downgraded shares of Raiffeisen Bank International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Raiffeisen Bank International Stock Performance

The firm has a market cap of $11.41 billion, a PE ratio of 4.66 and a beta of 1.35. The firm’s 50-day moving average price is $8.60 and its two-hundred day moving average price is $7.67.

Raiffeisen Bank International (OTCMKTS:RAIFY) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported ($0.50) EPS for the quarter. Raiffeisen Bank International had a negative net margin of 0.56% and a positive return on equity of 2.89%. The business had revenue of $2.63 billion during the quarter.

Raiffeisen Bank International Company Profile

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.