Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Down - Here's What Happened

Key Points

• Raiffeisen Bank International's share price gapped down to $8.65 from a previous close of $8.93, indicating a decline in trading activity before the market opened.
• Analysts at Barclays have downgraded the stock from a "strong-buy" to a "hold" rating, contributing to the overall sentiment around the stock's performance.
• The bank reported a quarterly loss with ($0.50) earnings per share and a revenue of $2.63 billion, reflecting a challenging financial period for the institution.

Raiffeisen Bank International AG (OTCMKTS:RAIFY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $8.93, but opened at $8.65. Raiffeisen Bank International shares last traded at $8.65, with a volume of 283 shares.

Analysts Set New Price Targets

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

Raiffeisen Bank International Trading Down 3.2%

The stock has a 50-day moving average of $8.49 and a 200-day moving average of $7.54. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 4.65 and a beta of 1.35.

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) earnings per share (EPS) for the quarter. Raiffeisen Bank International had a positive return on equity of 2.89% and a negative net margin of 0.56%.The business had revenue of $2.63 billion for the quarter.

About Raiffeisen Bank International

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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