Raiffeisen Bank International (OTCMKTS:RAIFY) Stock Passes Above 50-Day Moving Average - Here's Why

Key Points

• Raiffeisen Bank International's stock price has recently surpassed its 50-day moving average of $8.10, trading as high as $8.62 before closing at $8.54.
• The bank reported a quarterly earnings loss of ($0.50) earnings per share with a revenue of $2.63 billion, alongside a return on equity of 2.89% and a negative net margin of 0.56%.
• The company's market capitalization stands at $11.23 billion, with a P/E ratio of 4.59 and a beta of 1.41, indicating a relatively higher volatility compared to the market.

Shares of Raiffeisen Bank International AG (OTCMKTS:RAIFY - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $8.10 and traded as high as $8.62. Raiffeisen Bank International shares last traded at $8.54, with a volume of 5,262 shares changing hands.

Raiffeisen Bank International Stock Down 3.2%

The company has a market capitalization of $10.87 billion, a PE ratio of 4.44 and a beta of 1.41. The firm has a 50-day moving average of $8.12 and a two-hundred day moving average of $7.40.

Raiffeisen Bank International (OTCMKTS:RAIFY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported ($0.50) 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 firm 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.