Commerzbank (OTCMKTS:CRZBY) Sets New 52-Week High – Still a Buy?

Commerzbank AG (OTCMKTS:CRZBY)’s stock price reached a new 52-week high on Friday . The company traded as high as $26.30 and last traded at $26.01, with a volume of 32221 shares traded. The stock had previously closed at $25.08.

Analyst Ratings Changes

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Commerzbank in a research note on Friday, March 7th.

Commerzbank Stock Up 3.7 %

The company has a market cap of $30.82 billion, a PE ratio of 13.62 and a beta of 0.96. The stock’s 50 day simple moving average is $20.24 and its two-hundred day simple moving average is $17.87.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC lifted its holdings in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,850 shares of the financial services provider’s stock after acquiring an additional 1,817 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $30,000 as of its most recent SEC filing.

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.