Commerzbank (OTCMKTS:CRZBY) Reaches New 12-Month High – Should You Buy?

Commerzbank AG (OTCMKTS:CRZBYGet Free Report)’s share price reached a new 52-week high on Monday . The company traded as high as $19.35 and last traded at $19.10, with a volume of 9725 shares. The stock had previously closed at $19.20.

Commerzbank Price Performance

The business has a 50-day moving average of $16.51 and a two-hundred day moving average of $16.42. The company has a market cap of $22.74 billion, a P/E ratio of 10.05 and a beta of 0.94.

Commerzbank (OTCMKTS:CRZBYGet Free Report) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.13. The firm had revenue of $8.45 billion for the quarter. Commerzbank had a return on equity of 6.33% and a net margin of 8.55%. Equities analysts anticipate that Commerzbank AG will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC increased its holdings in shares of Commerzbank AG (OTCMKTS:CRZBYFree Report) by 5,506.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,850 shares of the financial services provider’s stock after acquiring an additional 1,817 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $30,000 at the end of the most recent reporting period.

About Commerzbank

(Get Free Report)

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.

Featured Stories

Receive News & Ratings for Commerzbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerzbank and related companies with MarketBeat.com's FREE daily email newsletter.