Commerzbank (OTCMKTS:CRZBY) Sees Unusually-High Trading Volume – Still a Buy?

Commerzbank AG (OTCMKTS:CRZBY) saw unusually-high trading volume on Tuesday. 103,499 shares were traded during trading, an increase of 137% from the previous session’s volume of 43,623 shares. The stock last traded at $45.01 and had previously closed at $43.86.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CRZBY shares. Royal Bank Of Canada cut shares of Commerzbank from a “moderate buy” rating to a “hold” rating in a report on Friday. Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a report on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft lowered Commerzbank from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Commerzbank currently has an average rating of “Moderate Buy”.

Commerzbank Stock Up 2.7%

The company has a debt-to-equity ratio of 1.62, a current ratio of 0.45 and a quick ratio of 12.24. The firm’s 50-day moving average price is $46.34 and its 200 day moving average price is $43.11. The firm has a market capitalization of $47.29 billion, a price-to-earnings ratio of 14.82 and a beta of 0.60.

Hedge Funds Weigh In On Commerzbank

An institutional investor recently raised its stake in Commerzbank stock. GAMMA Investing LLC grew its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY) by 18.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,877 shares of the financial services provider’s stock after purchasing an additional 933 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $248,000 at the end of the most recent quarter.

Commerzbank Company Profile

Commerzbank AG is a German universal bank headquartered in Frankfurt am Main. Founded in 1870 in Hamburg, the bank serves private customers, small and medium-sized enterprises, corporate clients, and institutional investors. Its offerings include current and savings accounts, consumer and business lending, payment services, investment products, and financial advice.

Through its Corporate Clients business, Commerzbank provides companies with trade finance, cash management, corporate finance, capital-markets services, foreign-exchange products, and risk-management solutions.