Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Down – Here’s What Happened

Raiffeisen Bank International AG (OTCMKTS:RAIFY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $11.56, but opened at $11.1450. Raiffeisen Bank International shares last traded at $11.0175, with a volume of 818 shares trading hands.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of Raiffeisen Bank International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Raiffeisen Bank International currently has a consensus rating of “Buy”.

Raiffeisen Bank International Stock Performance

The business’s 50-day moving average is $11.80 and its two-hundred day moving average is $10.55. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of 10.41 and a beta of 1.14.

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

About Raiffeisen Bank International

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.