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

Commerzbank logo with Financial Services background

Key Points

  • Commerzbank AG's stock surpassed its 200-day moving average, indicating a potential bullish trend, with the last traded price at €31.40 ($36.51).
  • The company's market capitalization stands at $38.24 billion, and it has a price-to-earnings ratio of 16.47.
  • Commerzbank operates internationally, offering banking and capital market products primarily through two segments: Private and Small-Business Customers and Corporate Clients.
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Commerzbank AG (ETR:CBK - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €24.26 ($28.21) and traded as high as €33.49 ($38.94). Commerzbank shares last traded at €31.40 ($36.51), with a volume of 7,627,696 shares trading hands.

Commerzbank Stock Performance

The company has a debt-to-equity ratio of 12.97, a current ratio of 6.76 and a quick ratio of 0.36. The stock has a market capitalization of $41.51 billion, a PE ratio of 17.89, a P/E/G ratio of 4.82 and a beta of 1.08. The stock has a 50 day moving average of €28.78 and a two-hundred day moving average of €24.56.

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.

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