Deutsche Bank Aktiengesellschaft (NYSE:DB) Reaches New 52-Week High – Should You Buy?

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) hit a new 52-week high on Tuesday . The stock traded as high as $20.08 and last traded at $20.15, with a volume of 145172 shares trading hands. The stock had previously closed at $20.05.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 0.0 %

The firm’s 50 day moving average is $17.64 and its two-hundred day moving average is $16.86. The stock has a market cap of $39.95 billion, a price-to-earnings ratio of 10.28 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.47.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc purchased a new stake in Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth about $43,000. Allworth Financial LP grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 3,738.1% during the 3rd quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock worth $143,000 after purchasing an additional 8,037 shares during the period. Legacy Capital Group California Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth about $195,000. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth about $197,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.