Commerzbank (OTCMKTS:CRZBY) Hits New 52-Week High – Time to Buy?

Commerzbank AG (OTCMKTS:CRZBY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $19.35 and last traded at $19.10, with a volume of 9725 shares trading hands. The stock had previously closed at $19.20.

Commerzbank Stock Up 0.6 %

The firm has a fifty day moving average price of $16.51 and a two-hundred day moving average price of $16.42. The stock has a market capitalization of $22.74 billion, a P/E ratio of 10.05 and a beta of 0.94.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.13. Commerzbank had a return on equity of 6.33% and a net margin of 8.55%. The business had revenue of $8.45 billion for the quarter. Sell-side analysts anticipate that Commerzbank AG will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC raised its position in shares of Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,850 shares of the financial services provider’s stock after buying an additional 1,817 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $30,000 as of its most recent SEC filing.

About Commerzbank

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.