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

Key Points

• Commerzbank AG shares surpassed their 200-day moving average during trading, reaching a peak of €36.84 ($42.84).
• The company's market cap stands at approximately $45.17 billion, with a price-to-earnings ratio of 19.46.
• Commerzbank operates internationally, providing banking and capital market products primarily through its Private and Corporate Clients segments.

Shares of Commerzbank AG (ETR:CBK - ) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of €24.96 ($29.02) and traded as high as €36.84 ($42.84). Commerzbank shares last traded at €36.84 ($42.84), with a volume of 4,778,533 shares trading hands.

Commerzbank Trading Up 1.8%

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 firm has a market cap of $45.17 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 4.82 and a beta of 1.08. The business has a 50 day moving average price of €29.50 and a 200-day moving average price of €24.96.

About Commerzbank

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.