Mercedes-Benz Group (OTCMKTS:MBGYY) Shares Gap Down – Time to Sell?

Mercedes-Benz Group AG (OTCMKTS:MBGYY) shares gapped down prior to trading on Thursday . The stock had previously closed at C$12.43, but opened at C$11.84. Mercedes-Benz Group shares last traded at C$11.78, with a volume of 15,005 shares.

Analyst Upgrades and Downgrades

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

Mercedes-Benz Group Stock Down 1.4%

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 company’s fifty day moving average is C$13.21 and its 200-day moving average is C$13.99. The company has a market cap of C$45.14 billion, a PE ratio of 7.56 and a beta of 0.81.

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

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG is a German automotive company headquartered in Stuttgart. Its origins trace to the development of the first gasoline-powered automobile by Carl Benz in 1886, and the group operated as Daimler AG before adopting the Mercedes-Benz Group name in 2022.

The company develops, manufactures and sells premium passenger cars and electric vehicles under the Mercedes-Benz brand, along with high-performance Mercedes-AMG and luxury Mercedes-Maybach models. Its passenger-vehicle lineup includes sedans, SUVs, coupes and convertibles across a range of sizes and powertrains.

Mercedes-Benz also produces vans for commercial and private use through its Mercedes-Benz Vans business.