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

Erste Group Bank AG (OTCMKTS:EBKDY) saw unusually-strong trading volume on Friday . Approximately 180,058 shares changed hands during trading, an increase of 93% from the previous session’s volume of 93,491 shares.The stock last traded at $52.2950 and had previously closed at $53.84.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. Citigroup raised shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Erste Group Bank Stock Down 3.6%

The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 1.36. The firm has a market cap of $40.32 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.49 and a beta of 0.86. The stock has a fifty day simple moving average of $61.09 and a two-hundred day simple moving average of $55.28.

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.