Shares of Deutsche Bank AG (NYSE:DB) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.02 and last traded at $8.86, with a volume of 586166 shares changing hands. The stock had previously closed at $9.06.

A number of equities analysts have recently weighed in on the stock. Morgan Stanley downgraded shares of Deutsche Bank from an “equal” rating to a “weight” rating and set a $9.00 price target on the stock. in a research note on Friday, August 10th. Bank of America downgraded shares of Deutsche Bank from a “neutral” rating to an “underperform” rating in a research note on Monday, August 13th. Zacks Investment Research raised shares of Deutsche Bank from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Deutsche Bank in a research note on Tuesday, September 4th. Finally, Credit Suisse Group reaffirmed a “hold” rating on shares of Deutsche Bank in a research note on Wednesday, October 17th. Nine equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Deutsche Bank has an average rating of “Hold” and an average price target of $11.00.

The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $18.39 billion, a price-to-earnings ratio of -14.55 and a beta of 1.35.

Deutsche Bank (NYSE:DB) last posted its quarterly earnings results on Wednesday, October 24th. The bank reported $0.12 earnings per share for the quarter. Deutsche Bank had a negative net margin of 4.51% and a negative return on equity of 2.50%. The business had revenue of $7.18 billion for the quarter. Equities research analysts predict that Deutsche Bank AG will post 0.36 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. HPM Partners LLC bought a new stake in Deutsche Bank in the third quarter worth $115,000. LPL Financial LLC bought a new stake in Deutsche Bank in the third quarter worth $123,000. Janney Montgomery Scott LLC bought a new stake in Deutsche Bank in the second quarter worth $125,000. Wedbush Securities Inc. bought a new stake in Deutsche Bank in the second quarter worth $133,000. Finally, Gideon Capital Advisors Inc. bought a new stake in Deutsche Bank in the third quarter worth $134,000. Hedge funds and other institutional investors own 22.81% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Deutsche Bank (DB) Hits New 52-Week Low at $9.02” was first reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.dailypolitical.com/2018/12/08/deutsche-bank-db-hits-new-52-week-low-at-9-02.html.

Deutsche Bank Company Profile (NYSE:DB)

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

Read More: Closed-End Mutual Funds (CEFs)

Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.