Erste Group Bank (OTCMKTS:EBKDY) Shares Cross Above 50 Day Moving Average – Time to Sell?

Erste Group Bank AG (OTCMKTS:EBKDY)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $56.55 and traded as high as $61.81. Erste Group Bank shares last traded at $61.04, with a volume of 34,673 shares traded.

Wall Street Analyst Weigh In

EBKDY has been the subject of several analyst reports. Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a report on Wednesday, November 5th. Oddo Bhf cut Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Erste Group Bank Trading Up 0.3%

The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market capitalization of $50.12 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 0.84 and a beta of 0.85. The stock has a 50-day moving average price of $56.55 and a two-hundred day moving average price of $50.85.

Erste Group Bank (OTCMKTS:EBKDY) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.19. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.30 billion. Erste Group Bank had a return on equity of 9.85% and a net margin of 17.36%. On average, research analysts forecast that Erste Group Bank AG will post 4.05 EPS for the current fiscal year.

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.