Commerzbank (ETR:CBK) Share Price Passes Above 200-Day Moving Average – Here’s Why

Commerzbank AG (ETR:CBKGet Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of €16.75 ($18.41) and traded as high as €24.22 ($26.62). Commerzbank shares last traded at €23.75 ($26.10), with a volume of 8,215,214 shares trading hands.

Commerzbank Price Performance

The stock has a fifty day moving average of €19.48 and a two-hundred day moving average of €16.90. The stock has a market cap of $29.91 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 4.82 and a beta of 1.08. The company has a quick ratio of 0.36, a current ratio of 6.76 and a debt-to-equity ratio of 12.97.

About Commerzbank

(Get Free Report)

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.

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