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Commerzbank (ETR:CBK) Shares Pass Above 200 Day Moving Average - Here's Why

Commerzbank logo with Financial Services background

Commerzbank AG (ETR:CBK - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of €21.99 ($25.87) and traded as high as €27.62 ($32.49). Commerzbank shares last traded at €27.51 ($32.36), with a volume of 4,260,242 shares changing hands.

Commerzbank Stock Down 0.3%

The company has a quick ratio of 0.36, a current ratio of 6.76 and a debt-to-equity ratio of 12.97. The stock has a 50 day simple moving average of €26.40 and a 200 day simple moving average of €22.12. The stock has a market cap of $33.82 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 4.82 and a beta of 1.08.

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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