Mercedes-Benz Group (OTCMKTS:MBGAF) Sets New 12-Month Low – What’s Next?

Mercedes-Benz Group AG (OTCMKTS:MBGAF)’s stock price hit a new 52-week low during trading on Tuesday. The company traded as low as $46.46 and last traded at $46.46, with a volume of 3325 shares traded. The stock had previously closed at $47.2750.

Mercedes-Benz Group Price Performance

The stock has a market cap of $49.53 billion, a PE ratio of 3.49 and a beta of 1.26. The business has a fifty day moving average of $52.72 and a 200-day moving average of $55.80.

Institutional Trading of Mercedes-Benz Group

An institutional investor recently bought a new stake in Mercedes-Benz Group stock. Pinnacle Holdings LLC bought a new stake in shares of Mercedes-Benz Group AG (OTCMKTS:MBGAF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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, markets and sells premium passenger cars, vans and related mobility services under the Mercedes-Benz brand. Its passenger-vehicle portfolio includes Mercedes-Benz automobiles, Mercedes-AMG performance vehicles, Mercedes-Maybach luxury models and the G-Class family.

The company also produces and markets light commercial vans for private and business customers. Its mobility activities include vehicle financing and leasing, insurance-related services, fleet management and other transportation solutions.