Raiffeisen Bank International (OTCMKTS:RAIFY) Stock Price Down 4.8% - Here's Why

Key Points

• Raiffeisen Bank International's stock price fell by 4.8%, closing at $8.57, with trading volume dropping dramatically to only 351 shares.
• Barclays has downgraded the bank's rating from "strong-buy" to "hold", contributing to a current average rating of "Hold" among analysts.
• In its latest earnings report, Raiffeisen Bank International reported a negative EPS of ($0.50) and a revenue of $2.63 billion, reflecting challenges in profitability with a negative net margin of 0.56%.

Raiffeisen Bank International AG (OTCMKTS:RAIFY - Get Free Report)'s share price dropped 4.8% during trading on Monday . The company traded as low as $8.57 and last traded at $8.57. Approximately 351 shares changed hands during trading, a decline of 98% from the average daily volume of 16,804 shares. The stock had previously closed at $9.00.

Wall Street Analysts Forecast Growth

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

Raiffeisen Bank International Stock Performance

The stock has a fifty day moving average of $8.41 and a 200 day moving average of $7.52. The company has a market capitalization of $11.28 billion, a P/E ratio of 4.61 and a beta of 1.35.

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

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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