Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Climb 9% – Here’s Why

Raiffeisen Bank International AG (OTCMKTS:RAIFY)’s share price traded up 9% on Tuesday. The company traded as high as $17.34 and last traded at $17.34. 1,706 shares were traded during trading, a decline of 89% from the average daily volume of 14,959 shares. The stock had previously closed at $15.9150.

Raiffeisen Bank International Price Performance

The firm’s 50 day moving average price is $17.95 and its 200-day moving average price is $15.54. The firm has a market cap of $21.87 billion, a price-to-earnings ratio of 7.93 and a beta of 1.31.

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

About Raiffeisen Bank International

Raiffeisen Bank International AG is an Austrian banking group headquartered in Vienna. The company provides financial services to corporate, institutional and retail customers, including deposit accounts, lending, payment services, trade finance, investment banking, asset management and treasury solutions.

RBI serves customers in Austria and across Central and Eastern Europe through its banking subsidiaries and branch network. Its regional activities have included markets such as Albania, Bosnia and Herzegovina, Croatia, the Czech Republic, Hungary, Kosovo, Romania, Serbia and Slovakia, although its presence and operations may change over time.