Mercedes-Benz Group (OTCMKTS:MBGYY) Releases Quarterly Earnings Results

Mercedes-Benz Group (OTCMKTS:MBGYY) released its quarterly earnings results on Thursday. The company reported C$0.42 earnings per share for the quarter, Zacks reports. Mercedes-Benz Group had a return on equity of 6.59% and a net margin of 4.51%.

Mercedes-Benz Group Trading Down 1.3%

Shares of OTCMKTS MBGYY traded down C$0.22 during midday trading on Thursday, reaching C$16.88. 61,445 shares of the stock were exchanged, compared to its average volume of 232,805. The stock has a market capitalization of C$65.02 billion, a P/E ratio of 5.36 and a beta of 0.83. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 1.27. The company has a 50 day simple moving average of C$17.44 and a 200 day simple moving average of C$16.32. Mercedes-Benz Group has a twelve month low of C$12.55 and a twelve month high of C$18.16.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. The Goldman Sachs Group raised Mercedes-Benz Group to a “strong-buy” rating in a research note on Monday, November 24th. DZ Bank upgraded shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, HSBC raised shares of Mercedes-Benz Group to a “strong-buy” rating in a report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Mercedes-Benz Group has a consensus rating of “Buy”.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.