Commerzbank (OTCMKTS:CRZBY) Hits New 12-Month High – Should You Buy?

Commerzbank AG (OTCMKTS:CRZBY) shares reached a new 52-week high on Friday . The company traded as high as $26.30 and last traded at $26.01, with a volume of 32221 shares changing hands. The stock had previously closed at $25.08.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Commerzbank in a research note on Friday, March 7th.

Commerzbank Stock Up 3.7 %

The company has a 50-day moving average of $20.04 and a 200 day moving average of $17.77. The firm has a market capitalization of $30.82 billion, a PE ratio of 13.62 and a beta of 0.96.

Institutional Investors Weigh In On Commerzbank

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC increased its position in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,850 shares of the financial services provider’s stock after acquiring an additional 1,817 shares during the period. GAMMA Investing LLC’s holdings in Commerzbank were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.