Commerzbank (OTCMKTS:CRZBY) Reaches New 52-Week High – Here’s What Happened

Shares of Commerzbank AG (OTCMKTS:CRZBY) hit a new 52-week high during trading on Tuesday . The company traded as high as $20.77 and last traded at $20.71, with a volume of 9388 shares traded. The stock had previously closed at $20.52.

Commerzbank Price Performance

The firm has a market cap of $24.53 billion, a P/E ratio of 10.84 and a beta of 0.95. The stock’s 50-day moving average price is $17.64 and its 200 day moving average price is $16.73.

Hedge Funds Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC raised its stake in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & 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 at the end of the most recent reporting period.

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.