Erste Group Bank (OTCMKTS:EBKDY) Shares Gap Down – Here’s What Happened

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) gapped down prior to trading on Friday . The stock had previously closed at $64.07, but opened at $59.6180. Erste Group Bank shares last traded at $59.89, with a volume of 1,534 shares.

Analyst Upgrades and Downgrades

EBKDY has been the subject of several recent analyst reports. Oddo Bhf downgraded shares of Erste Group Bank to a “neutral” rating in a research report on Thursday, November 6th. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. Zacks Research raised shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 2nd. Finally, Citigroup upgraded Erste Group Bank to a “strong-buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy”.

Erste Group Bank Price Performance

The stock has a market capitalization of $46.96 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 0.61 and a beta of 0.85. The business’s 50 day simple moving average is $61.04 and its two-hundred day simple moving average is $53.78. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 1.36.

Erste Group Bank Company Profile

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.