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

Raiffeisen Bank International AG (OTCMKTS:RAIFY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $10.9650, but opened at $11.40. Raiffeisen Bank International shares last traded at $11.40, with a volume of 273 shares changing hands.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of Raiffeisen Bank International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Raiffeisen Bank International Trading Down 4.2%

The company has a 50-day moving average price of $11.82 and a 200 day moving average price of $10.38. The stock has a market capitalization of $13.82 billion, a P/E ratio of 9.72 and a beta of 1.10.

Raiffeisen Bank International (OTCMKTS:RAIFY) last announced its earnings results on Monday, March 2nd. The financial services provider reported $0.37 earnings per share for the quarter. Raiffeisen Bank International had a return on equity of 6.19% and a net margin of 10.91%.The firm had revenue of $2.63 billion for the quarter.

Raiffeisen Bank International Company Profile

Raiffeisen Bank International AG (RBI) is an Austrian banking group headquartered in Vienna, offering a diverse range of financial services. As a universal bank, RBI serves retail customers, small and medium-sized enterprises, and large corporates, with a particular focus on Central and Eastern Europe. The bank’s service portfolio encompasses everyday banking products, payment solutions, and digital services for individual clients, as well as cash management, trade finance, and structured lending for corporate and institutional customers.

In addition to traditional banking, RBI provides investment banking and capital markets services, including underwriting, debt and equity issuance, and advisory services.