Mercedes-Benz Group (OTCMKTS:MBGYY) Shares Gap Down – Here’s Why

Mercedes-Benz Group AG (OTCMKTS:MBGYY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at C$13.44, but opened at C$12.60. Mercedes-Benz Group shares last traded at C$12.60, with a volume of 47,974 shares trading hands.

Mercedes-Benz Group Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.66. The stock has a 50-day simple moving average of C$14.72 and a 200 day simple moving average of C$16.09. The company has a market cap of C$49.34 billion, a PE ratio of 8.60 and a beta of 0.78.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.44 earnings per share for the quarter. Mercedes-Benz Group had a return on equity of 5.33% and a net margin of 3.74%.The business had revenue of C$36.98 billion during the quarter. Equities analysts expect that Mercedes-Benz Group AG will post 1.46 EPS for the current 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.