Erste Group Bank (OTCMKTS:EBKDY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) saw unusually-strong trading volume on Monday . Approximately 175,799 shares were traded during trading, an increase of 140% from the previous session’s volume of 73,330 shares.The stock last traded at $65.10 and had previously closed at $63.60.

Wall Street Analyst Weigh In

EBKDY has been the subject of several recent research reports. Zacks Research upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Oddo Bhf lowered Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. Barclays raised Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Erste Group Bank presently has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Up 2.8%

The business has a fifty day moving average price of $60.40 and a two-hundred day moving average price of $53.38. The firm has a market capitalization of $50.77 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 0.68 and a beta of 0.85. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.15 and a quick ratio of 0.15.

About Erste Group Bank

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.