Mercedes-Benz Group (OTCMKTS:MBGYY) Reaches New 1-Year Low – Here’s Why

Mercedes-Benz Group AG (OTCMKTS:MBGYY – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday. The stock traded as low as C$11.00 and last traded at C$11.01, with a volume of 91181 shares changing hands. The stock had previously closed at C$11.35.

Wall Street Analysts Forecast Growth

MBGYY has been the subject of several analyst reports. 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. Finally, Dbs Bank raised Mercedes-Benz Group from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, September 30th. Four analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Read Our Latest Research Report on MBGYY

Mercedes-Benz Group Trading Down 2.7%

The firm has a market cap of C$42.52 billion, a P/E ratio of 7.12 and a beta of 0.88. The business’s 50 day moving average is C$12.96 and its 200-day moving average is C$13.72. The company has a quick ratio of 1.01, a current ratio of 1.32 and a debt-to-equity ratio of 0.67.

Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$0.33 EPS for the quarter. The firm had revenue of C$37.27 billion for the quarter. Mercedes-Benz Group had a net margin of 3.89% and a return on equity of 5.41%. As a group, analysts forecast that Mercedes-Benz Group AG will post 1.37 earnings per share for the current fiscal year.

About Mercedes-Benz Group

(Get Free Report)

Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. The company develops, manufactures and sells premium passenger cars, performance vehicles, luxury automobiles and light commercial vans under the Mercedes-Benz brand. Its portfolio includes Mercedes-AMG performance models and Mercedes-Maybach luxury vehicles, as well as electric and conventional vehicles.

The group also provides automotive financing, leasing, insurance and fleet-management services through Mercedes-Benz Mobility.

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