Erste Group Bank (OTCMKTS:EBKDY) Shares Gap Down – Should You Sell?

Erste Group Bank AG (OTCMKTS:EBKDY)’s share price gapped down before the market opened 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.

Wall Street Analyst Weigh In

EBKDY has been the subject of a number of analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a report on Wednesday, November 5th. Oddo Bhf lowered Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th. Zacks Research raised Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Barclays upgraded Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Erste Group Bank presently has a consensus rating of “Buy”.

Erste Group Bank Stock Performance

The stock has a market cap of $46.64 billion, a P/E ratio of 14.44, a PEG ratio of 0.57 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. The company has a fifty day moving average of $61.13 and a 200 day moving average of $53.94.

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.