Mercedes-Benz Group (OTCMKTS:MBGYY) Reaches New 52-Week Low – What’s Next?

Shares of Mercedes-Benz Group AG (OTCMKTS:MBGYY) hit a new 52-week low during trading on Thursday . The company traded as low as C$13.52 and last traded at C$13.53, with a volume of 381159 shares trading hands. The stock had previously closed at C$13.74.

Mercedes-Benz Group Stock Down 1.5%

The stock has a 50 day moving average price of C$14.87 and a 200 day moving average price of C$16.19. The stock has a market capitalization of C$52.11 billion, a price-to-earnings ratio of 9.08 and a beta of 0.78. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.66.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.44 EPS for the quarter. Mercedes-Benz Group had a return on equity of 5.33% and a net margin of 3.74%.The firm had revenue of C$36.98 billion for the quarter. As a group, analysts forecast that Mercedes-Benz Group AG will post 1.48 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.