Mercedes-Benz Group (OTCMKTS:MBGYY) Sets New 1-Year High – Here’s What Happened

Mercedes-Benz Group AG (OTCMKTS:MBGYYGet Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$16.87 and last traded at C$16.83, with a volume of 10508 shares changing hands. The stock had previously closed at C$16.68.

Analyst Upgrades and Downgrades

MBGYY has been the topic of several analyst reports. DZ Bank raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. Royal Bank Of Canada cut shares of Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the company. According to MarketBeat, Mercedes-Benz Group has a consensus rating of “Hold”.

Read Our Latest Research Report on MBGYY

Mercedes-Benz Group Price Performance

The firm has a market cap of C$65.02 billion, a price-to-earnings ratio of 5.36 and a beta of 1.01. The company has a current ratio of 1.32, a quick ratio of 0.97 and a debt-to-equity ratio of 0.74. The stock’s fifty day moving average price is C$15.57 and its 200-day moving average price is C$15.14.

Mercedes-Benz Group (OTCMKTS:MBGYYGet Free Report) last announced its earnings results on Wednesday, October 29th. The company reported C$0.36 earnings per share for the quarter. Mercedes-Benz Group had a net margin of 4.51% and a return on equity of 6.69%. The company had revenue of C$37.58 billion during the quarter. As a group, equities research analysts forecast that Mercedes-Benz Group AG will post 2.26 earnings per share for the current fiscal year.

About Mercedes-Benz Group

(Get Free Report)

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.

Further Reading

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