Commerzbank (OTCMKTS:CRZBY) Hits New 1-Year High – Time to Buy?

Commerzbank AG (OTCMKTS:CRZBY)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $18.59 and last traded at $18.40, with a volume of 24164 shares changing hands. The stock had previously closed at $18.24.

Commerzbank Stock Down 0.5 %

The business has a fifty day simple moving average of $15.61 and a 200 day simple moving average of $15.52. The firm has a market cap of $21.79 billion, a price-to-earnings ratio of 9.53 and a beta of 0.99. The company has a debt-to-equity ratio of 14.98, a current ratio of 31.49 and a quick ratio of 32.55.

Commerzbank (OTCMKTS:CRZBY) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.09). Commerzbank had a net margin of 9.65% and a return on equity of 6.56%. The company had revenue of $2.87 billion during the quarter. As a group, equities analysts forecast that Commerzbank AG will post 1.96 EPS for the current fiscal year.

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.