Commerzbank (OTCMKTS:CRZBY) Sees Unusually-High Trading Volume – Should You Buy?

Commerzbank AG (OTCMKTS:CRZBY) saw strong trading volume on Wednesday . 63,519 shares changed hands during mid-day trading, an increase of 105% from the previous session’s volume of 31,015 shares.The stock last traded at $40.57 and had previously closed at $39.52.

Analyst Ratings Changes

Several equities analysts have commented on CRZBY shares. DZ Bank upgraded shares of Commerzbank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. The Goldman Sachs Group raised shares of Commerzbank from a “sell” rating to a “neutral” rating in a report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded Commerzbank from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Commerzbank Stock Performance

The company has a market capitalization of $43.31 billion, a P/E ratio of 17.82 and a beta of 0.36. The firm’s fifty day moving average is $41.36 and its 200 day moving average is $39.35.

Hedge Funds Weigh In On Commerzbank

Several hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in Commerzbank by 18.1% in the third quarter. GAMMA Investing LLC now owns 4,841 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 741 shares during the period. Rhumbline Advisers grew its holdings in shares of Commerzbank by 14.5% in the first quarter. Rhumbline Advisers now owns 5,140 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 650 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in Commerzbank by 8.0% during the 2nd quarter. Yousif Capital Management LLC now owns 15,644 shares of the financial services provider’s stock valued at $492,000 after buying an additional 1,165 shares in the last quarter.

About Commerzbank

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.