Commerzbank (OTCMKTS:CRZBY) Hits New 1-Year High – What’s Next?

Shares of Commerzbank AG (OTCMKTS:CRZBY) reached a new 52-week high on Tuesday . The stock traded as high as $18.77 and last traded at $18.77, with a volume of 15799 shares traded. The stock had previously closed at $18.09.

Commerzbank Trading Up 3.8 %

The firm has a market capitalization of $22.24 billion, a P/E ratio of 9.83 and a beta of 0.94. The business has a 50-day moving average of $16.26 and a 200 day moving average of $16.29.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC boosted its position in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Commerzbank Company Profile

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.