Mercedes-Benz Group (OTCMKTS:MBGAF) Shares Gap Down – Time to Sell?

Shares of Mercedes-Benz Group AG (OTCMKTS:MBGAF) gapped down before the market opened on Thursday . The stock had previously closed at $50.15, but opened at $47.6075. Mercedes-Benz Group shares last traded at $47.4050, with a volume of 2,677 shares trading hands.

Mercedes-Benz Group Stock Down 1.0%

The firm has a 50 day moving average price of $53.00 and a 200 day moving average price of $56.16. The stock has a market capitalization of $50.51 billion, a PE ratio of 3.56 and a beta of 1.26.

Hedge Funds Weigh In On Mercedes-Benz Group

An institutional investor recently bought a new position in Mercedes-Benz Group stock. Pinnacle Holdings LLC bought a new position in Mercedes-Benz Group AG (OTCMKTS:MBGAF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $25,000.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. The company develops, manufactures and sells premium passenger cars, luxury vehicles and commercial vans under the Mercedes-Benz brand. Its vehicle portfolio includes sedans, SUVs, performance models from Mercedes-AMG and luxury vehicles from Mercedes-Maybach, along with electric vehicles and related mobility technologies.

The company also provides financing, leasing, insurance and fleet-management services through its mobility business.