Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.58 and traded as high as $17.25. Deutsche Bank Aktiengesellschaft shares last traded at $17.16, with a volume of 1,525,744 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.47. The company has a market cap of $36.15 billion, a price-to-earnings ratio of 8.97 and a beta of 1.21. The stock’s 50-day simple moving average is $17.12 and its 200 day simple moving average is $16.59.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors have recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter valued at approximately $26,000. Rothschild Investment LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the second quarter worth $29,000. SYSTM Wealth Solutions LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at $43,000. Finally, Allworth Financial LP boosted its holdings in Deutsche Bank Aktiengesellschaft by 3,738.1% in the third quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock valued at $143,000 after purchasing an additional 8,037 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

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.