Commerzbank (ETR:CBK) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Commerzbank AG shares have surpassed their 200-day moving average of €28.93, trading as high as €30.57 during recent sessions.
• The company's stock has a market capitalization of $35.90 billion and a price-to-earnings ratio of 15.47, indicating solid financial performance.
• Commerzbank operates in multiple segments, primarily serving private, small business, and corporate clients both in Germany and internationally.

Shares of Commerzbank AG (ETR:CBK - ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €28.93 ($33.64) and traded as high as €30.57 ($35.55). Commerzbank shares last traded at €30.30 ($35.23), with a volume of 3,052,804 shares changing hands.

Commerzbank Stock Performance

The stock has a fifty day simple moving average of €33.02 and a two-hundred day simple moving average of €28.93. The stock has a market cap of $35.90 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 4.82 and a beta of 1.08. The company has a debt-to-equity ratio of 12.97, a quick ratio of 0.36 and a current ratio of 6.76.

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.

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