Commerzbank (OTCMKTS:CRZBY) Reaches New 52-Week High – What’s Next?

Commerzbank AG (OTCMKTS:CRZBY)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $26.30 and last traded at $26.01, with a volume of 32221 shares traded. The stock had previously closed at $25.08.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an “overweight” rating on shares of Commerzbank in a research report on Friday, March 7th.

Commerzbank Price Performance

The firm’s 50-day moving average price is $20.24 and its 200-day moving average price is $17.87. The company has a market cap of $30.82 billion, a price-to-earnings ratio of 13.62 and a beta of 0.96.

Institutional Investors Weigh In On Commerzbank

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

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.