Mercedes-Benz Group (OTCMKTS:MBGYY) Reaches New 1-Year Low – Here’s Why

Shares of Mercedes-Benz Group AG (OTCMKTS:MBGYY) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$12.00 and last traded at C$12.01, with a volume of 34701 shares changing hands. The stock had previously closed at C$12.43.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MBGYY shares. Jefferies Financial Group raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Zacks Research raised Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Four investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Mercedes-Benz Group presently has a consensus rating of “Strong Buy”.

Mercedes-Benz Group Trading Down 3.9%

The company has a market capitalization of C$45.99 billion, a price-to-earnings ratio of 7.70 and a beta of 0.81. The firm has a 50-day moving average price of C$13.24 and a 200-day moving average price of C$14.02. The company has a current ratio of 1.32, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its earnings results on Tuesday, July 28th. The company reported C$0.33 earnings per share for the quarter. Mercedes-Benz Group had a return on equity of 5.41% and a net margin of 3.89%.The business had revenue of C$37.27 billion during the quarter. As a group, sell-side analysts predict that Mercedes-Benz Group AG will post 1.37 EPS for the current year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a German automotive company headquartered in Stuttgart. Its origins trace to the development of the first gasoline-powered automobile by Carl Benz in 1886, and the group operated as Daimler AG before adopting the Mercedes-Benz Group name in 2022.

The company develops, manufactures and sells premium passenger cars and electric vehicles under the Mercedes-Benz brand, along with high-performance Mercedes-AMG and luxury Mercedes-Maybach models. Its passenger-vehicle lineup includes sedans, SUVs, coupes and convertibles across a range of sizes and powertrains.

Mercedes-Benz also produces vans for commercial and private use through its Mercedes-Benz Vans business.