Mercedes-Benz Group (OTCMKTS:MBGAF) Sets New 52-Week Low – Here’s Why

Mercedes-Benz Group AG (OTCMKTS:MBGAF)’s share price reached a new 52-week low on Friday . The company traded as low as $55.2950 and last traded at $55.35, with a volume of 28460 shares changing hands. The stock had previously closed at $57.18.

Mercedes-Benz Group Stock Down 3.3%

The stock has a market capitalization of $59.18 billion, a P/E ratio of 4.18 and a beta of 1.26. The business’s 50 day simple moving average is $59.95 and its two-hundred day simple moving average is $65.27.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG (OTCMKTS: MBGAF) is a German multinational automotive manufacturer principally known for the Mercedes‑Benz brand of luxury passenger cars and vans. The company designs, produces and sells a broad spectrum of vehicles that includes compact cars, sedans, sport utilities, coupes, convertibles and light commercial vans, and it provides related aftermarket services and parts. In addition to vehicle manufacturing, the group delivers financing, leasing, insurance and mobility services through its financial-services arm.

Mercedes‑Benz Group markets a portfolio of distinct marques and technology offerings, including Mercedes‑Benz passenger vehicles, Mercedes‑AMG high-performance models, Mercedes‑Maybach luxury variants and the all‑electric EQ family.