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

Commerzbank logo with Financial Services background
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Commerzbank AG (ETR:CBK - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €17.20 ($18.70) and traded as high as €23.42 ($25.46). Commerzbank shares last traded at €23.20 ($25.22), with a volume of 9,299,221 shares trading hands.

Commerzbank Price Performance

The company has a current ratio of 6.76, a quick ratio of 0.36 and a debt-to-equity ratio of 12.97. The company has a market capitalization of $26.15 billion, a P/E ratio of 11.27, a P/E/G ratio of 4.82 and a beta of 1.08. The company has a 50 day moving average price of €20.56 and a 200 day moving average price of €17.46.

About Commerzbank

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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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