Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Down – What’s Next?

Raiffeisen Bank International AG (OTCMKTS:RAIFY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $11.73, but opened at $10.9685. Raiffeisen Bank International shares last traded at $11.00, with a volume of 370 shares traded.

Analyst Upgrades and Downgrades

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

Raiffeisen Bank International Price Performance

The company has a market cap of $14.47 billion, a price-to-earnings ratio of 15.49 and a beta of 1.10. The business’s 50-day simple moving average is $9.52 and its 200-day simple moving average is $8.52.

Raiffeisen Bank International (OTCMKTS:RAIFY) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.67 EPS for the quarter. Raiffeisen Bank International had a negative net margin of 0.14% and a positive return on equity of 3.09%. The business had revenue of $2.63 billion for 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.