German stock alert

GFR

Afternoon Alert: Commerzbank keeps sliding: down 7.7% in 4 days 15 June 2018 13:15 CEST

NEWS BITES - EUROPE

Commerzbank AG (ETR:CBK) extended its slide on Friday, shedding an additional 39.30c (or 4.2%) to trade at EUR8.90. Trading volume was 1.6 times average so far today. The shares have fallen 74.20c (or 7.7%) over the past four trading days vs. the DAX Index which has risen 1.8% in the same period.

Current indications of bearish signals that support the trend in the unusual trading:

+ The negative 0.32 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The 2.6% premium to 12-month low of EUR8.68 against the 35.6% discount to high of EUR13.82 suggests the stock continues to push for new lows.

+ The stock has underperformed 95% of the Xetra market over the past 6 months.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price/Earnings of 74.2 [9.5]

+ Return on Equity 1.2% [8.5%]

Other Bearish Signals include:

+ Net profit margin has averaged 5.9% in the last 3 years. This is lower than the sector average of 26.5% and suggests a low margin of safety.

Note

Bullish Signals:

EBITDA growth is negative but improving in recent years.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Price to Book of 0.4 [0.9]

Commerzbank AG (DE:CBK; ETR:CBK; GR:CBK)

ISIN: DE000CBK1001

PermID: 4296024743

Source: www.BuySellSignals.com