Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Down 5.9% - Should You Sell?

Key Points

• Raiffeisen Bank International shares fell by 5.9%, trading at $8.26, with a dramatic decrease in trading volume of 90% compared to the average.
• Barclays downgraded the bank's rating from "strong-buy" to "hold", reflecting a more cautious outlook on the stock.
• In their latest earnings, Raiffeisen Bank reported a loss of ($0.50) EPS for the quarter, with a negative net margin of 0.56% and revenue of $2.63 billion.

Shares of Raiffeisen Bank International AG (OTCMKTS:RAIFY - Get Free Report) dropped 5.9% on Tuesday . The company traded as low as $8.26 and last traded at $8.26. Approximately 1,573 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 16,431 shares. The stock had previously closed at $8.78.

Wall Street Analyst Weigh In

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

Raiffeisen Bank International Trading Down 0.1%

The company has a market capitalization of $11.54 billion, a P/E ratio of 4.72 and a beta of 1.35. The stock has a 50 day moving average price of $8.55 and a 200 day moving average price of $7.57.

Raiffeisen Bank International (OTCMKTS:RAIFY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported ($0.50) EPS for the quarter. Raiffeisen Bank International had a negative net margin of 0.56% and a positive return on equity of 2.89%. The firm had revenue of $2.63 billion during 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.

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