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

Commerzbank logo with Financial Services background

Shares of Commerzbank AG (ETR:CBK - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of €19.10 ($21.46) and traded as high as €26.18 ($29.42). Commerzbank shares last traded at €26.01 ($29.22), with a volume of 3,787,710 shares.

Commerzbank Price Performance

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 company has a market capitalization of $31.58 billion, a P/E ratio of 13.61, a P/E/G ratio of 4.82 and a beta of 1.08. The company's 50-day simple moving average is €23.05 and its 200 day simple moving average is €19.10.

Commerzbank Company Profile

(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.

Further Reading

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