Erste Group Bank (OTCMKTS:EBKDY) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Erste Group Bank AG (OTCMKTS:EBKDY) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $61.48 and traded as low as $55.88. Erste Group Bank shares last traded at $56.06, with a volume of 60,613 shares traded.

Analyst Ratings Changes

EBKDY has been the subject of several recent analyst reports. Zacks Research raised shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Citigroup raised shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, February 11th. Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Erste Group Bank presently has an average rating of “Buy”.

Erste Group Bank Stock Up 1.0%

The firm has a 50 day moving average of $61.48 and a two-hundred day moving average of $55.22. The firm has a market capitalization of $43.54 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 0.52 and a beta of 0.86. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 1.36.

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.