Mercedes-Benz Group (OTCMKTS:MBGAF) Reaches New 52-Week Low – Here’s Why

Shares of Mercedes-Benz Group AG (OTCMKTS:MBGAFGet Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $53.50 and last traded at $53.7850, with a volume of 56723 shares. The stock had previously closed at $55.4480.

Mercedes-Benz Group Price Performance

The stock has a market capitalization of $57.54 billion, a PE ratio of 4.06 and a beta of 1.26. The firm’s 50 day simple moving average is $59.03 and its 200 day simple moving average is $64.58.

Mercedes-Benz Group Company Profile

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Mercedes-Benz Group AG (OTCMKTS: MBGAF) is a German multinational automotive manufacturer principally known for the Mercedes?Benz brand of luxury passenger cars and vans. The company designs, produces and sells a broad spectrum of vehicles that includes compact cars, sedans, sport utilities, coupes, convertibles and light commercial vans, and it provides related aftermarket services and parts. In addition to vehicle manufacturing, the group delivers financing, leasing, insurance and mobility services through its financial-services arm.

Mercedes?Benz Group markets a portfolio of distinct marques and technology offerings, including Mercedes?Benz passenger vehicles, Mercedes?AMG high-performance models, Mercedes?Maybach luxury variants and the all?electric EQ family.

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