Raiffeisen Bank International (OTCMKTS:RAIFY) Stock Falls 7.6% – Here’s Why

Raiffeisen Bank International AG (OTCMKTS:RAIFY)’s share price dropped 7.6% during mid-day trading on Thursday. The stock traded as low as $15.7150 and last traded at $15.7150. Approximately 961 shares were traded during trading, a decline of 93% from the average daily volume of 14,769 shares. The stock had previously closed at $16.9985.

Raiffeisen Bank International Price Performance

The company has a market capitalization of $20.40 billion, a P/E ratio of 7.40 and a beta of 1.31. The company’s 50-day moving average price is $18.04 and its two-hundred day moving average price is $15.43.

Raiffeisen Bank International (OTCMKTS:RAIFY) last released its quarterly earnings results on Friday, July 31st. The financial services provider reported $0.67 earnings per share for the quarter. The firm 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%.

Raiffeisen Bank International Company Profile

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.