Erste Group Bank (OTCMKTS:EBKDY) Sees Large Volume Increase – Here’s What Happened

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) saw unusually-high trading volume on Monday . Approximately 175,799 shares changed hands during trading, an increase of 140% from the previous session’s volume of 73,330 shares.The stock last traded at $65.10 and had previously closed at $63.60.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EBKDY shares. Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a report on Wednesday, November 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. Oddo Bhf cut Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. Finally, Zacks Research upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Erste Group Bank Trading Up 2.8%

The stock has a market capitalization of $50.77 billion, a P/E ratio of 15.71, a PEG ratio of 0.68 and a beta of 0.85. The stock’s fifty day moving average price is $60.40 and its 200 day moving average price is $53.38. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.15 and a quick ratio of 0.15.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.