Mercedes-Benz Group (OTCMKTS:MBGYY) Sees Large Volume Increase – Here’s Why

Mercedes-Benz Group AG (OTCMKTS:MBGYY) saw unusually-strong trading volume on Tuesday . Approximately 424,455 shares changed hands during trading, an increase of 81% from the previous session’s volume of 234,304 shares.The stock last traded at C$17.26 and had previously closed at C$17.04.

Analyst Upgrades and Downgrades

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

Mercedes-Benz Group Price Performance

The stock has a market capitalization of C$66.94 billion, a PE ratio of 6.03 and a beta of 0.83. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.27 and a quick ratio of 0.93. The stock’s fifty day moving average is C$17.40 and its 200-day moving average is C$16.38.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.42 earnings per share for the quarter. Mercedes-Benz Group had a net margin of 3.87% and a return on equity of 5.54%. The business had revenue of C$39.22 billion during the quarter. As a group, equities analysts predict that Mercedes-Benz Group AG will post 2.26 earnings per share for the current fiscal year.

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.