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

Commerzbank AG (OTCMKTS:CRZBY)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $20.00 and last traded at $19.78, with a volume of 6674 shares traded. The stock had previously closed at $19.61.

Commerzbank Stock Performance

The company has a market capitalization of $23.43 billion, a PE ratio of 10.36 and a beta of 0.95. The company’s 50-day simple moving average is $17.28 and its 200-day simple moving average is $16.61.

Institutional Trading of Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC lifted its stake in shares of Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

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.