Raiffeisen Bank International (OTCMKTS:RAIFY) Trading Down 3.6% – What’s Next?

Raiffeisen Bank International AG (OTCMKTS:RAIFY)’s stock price dropped 3.6% during mid-day trading on Thursday . The company traded as low as $17.55 and last traded at $17.55. Approximately 3,769 shares were traded during trading, a decline of 74% from the average session volume of 14,497 shares. The stock had previously closed at $18.20.

Raiffeisen Bank International Stock Performance

The firm has a 50 day simple moving average of $17.58 and a 200 day simple moving average of $14.77. The firm has a market cap of $23.42 billion, a P/E ratio of 8.50 and a beta of 1.24.

Raiffeisen Bank International (OTCMKTS:RAIFY) last announced its quarterly earnings results on Friday, July 31st. The financial services provider reported $0.67 earnings per share for the quarter. Raiffeisen Bank International had a return on equity of 10.94% and a net margin of 19.31%.The firm had revenue of $2.67 billion for the quarter.

About Raiffeisen Bank International

Raiffeisen Bank International AG (OTCMKTS:RAIFY) is an Austrian banking group headquartered in Vienna. The company provides banking and financial services to individuals, small and medium-sized businesses, corporate clients and institutional customers.

Its product and service offerings include current and savings accounts, consumer and mortgage lending, business financing, payment services, investment and wealth management, trade finance, leasing, and corporate and investment banking. RBI also serves larger clients through capital-markets, treasury and advisory services.

Raiffeisen Bank International operates in Austria and has historically maintained a broad network of banking subsidiaries and branches across Central and Eastern Europe, including markets such as the Czech Republic, Slovakia, Hungary, Romania, Bulgaria, Croatia, Serbia, Bosnia and Herzegovina, Kosovo and Ukraine.