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

Shares of Mercedes-Benz Group AG (OTCMKTS:MBGYY) hit a new 52-week low during trading on Tuesday. The stock traded as low as C$11.48 and last traded at C$11.49, with a volume of 29487 shares. The stock had previously closed at C$11.75.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Zacks Research upgraded shares of Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Four equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

Mercedes-Benz Group Stock Down 2.3%

The firm has a market cap of C$44.24 billion, a P/E ratio of 7.41 and a beta of 0.81. The company has a quick ratio of 1.01, a current ratio of 1.32 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average of C$13.14 and a 200-day moving average of C$13.90.

Mercedes-Benz Group (OTCMKTS:MBGYY) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C$0.33 earnings per share for the quarter. The firm had revenue of C$37.27 billion during the quarter. Mercedes-Benz Group had a return on equity of 5.41% and a net margin of 3.89%. On average, equities research analysts anticipate that Mercedes-Benz Group AG will post 1.37 earnings per share for the current year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. The company develops, manufactures and sells premium passenger cars, performance vehicles, luxury automobiles and light commercial vans under the Mercedes-Benz brand. Its portfolio includes Mercedes-AMG performance models and Mercedes-Maybach luxury vehicles, as well as electric and conventional vehicles.

The group also provides automotive financing, leasing, insurance and fleet-management services through Mercedes-Benz Mobility.