Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Raiffeisen Bank International AG (OTCMKTS:RAIFY)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.06 and traded as high as $5.77. Raiffeisen Bank International shares last traded at $5.77, with a volume of 1,513 shares trading hands.

Raiffeisen Bank International Price Performance

The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 3.01 and a beta of 1.52. The firm has a fifty day simple moving average of $5.10 and a two-hundred day simple moving average of $4.83.

Raiffeisen Bank International (OTCMKTS:RAIFY) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.61 EPS for the quarter. Raiffeisen Bank International had a net margin of 17.21% and a return on equity of 11.16%. The company had revenue of $2.48 billion during 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.