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

Commerzbank AG (OTCMKTS:CRZBY) hit a new 52-week high on Monday . The stock traded as high as $21.11 and last traded at $20.90, with a volume of 17966 shares. The stock had previously closed at $20.27.

Commerzbank Stock Performance

The stock has a market capitalization of $24.76 billion, a PE ratio of 10.94 and a beta of 0.95. The business’s 50-day moving average is $18.01 and its two-hundred day moving average is $16.90.

Institutional Trading of Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC raised its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% during the fourth quarter, according to its most recent 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 quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

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.