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

Posted by Adam Masters on Jan 24th, 2025

Shares of Commerzbank AG (OTCMKTS:CRZBY – Get Free Report) reached a new 52-week high on Tuesday . The company 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 2.7 %

The company has a market cap of $22.46 billion, a P/E ratio of 9.93 and a beta of 0.94. The company’s 50-day moving average price is $16.34 and its two-hundred day moving average price is $16.32.

Commerzbank (OTCMKTS:CRZBY – Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.46 by $0.13. Commerzbank had a net margin of 8.55% and a return on equity of 6.33%. The business had revenue of $8.45 billion during the quarter. As a group, analysts anticipate that Commerzbank AG will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC grew its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY – Free Report) by 5,506.1% in the fourth quarter, according to its most recent filing with the SEC. The firm 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 SEC filing.

Commerzbank Company Profile

(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.