Mercedes-Benz Group (OTCMKTS:MBGYY) Hits New 52-Week High – Here’s Why

Mercedes-Benz Group AG (OTCMKTS:MBGYY)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$17.29 and last traded at C$17.16, with a volume of 76039 shares trading hands. The stock had previously closed at C$17.03.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MBGYY. DZ Bank raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Royal Bank Of Canada downgraded shares of Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Mercedes-Benz Group Stock Performance

The company has a market cap of C$66.09 billion, a PE ratio of 5.45 and a beta of 1.01. The stock has a 50 day simple moving average of C$15.69 and a two-hundred day simple moving average of C$15.20. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.32 and a quick ratio of 0.97.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its earnings results on Wednesday, October 29th. The company reported C$0.36 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a net margin of 4.51% and a return on equity of 6.69%. The business had revenue of C$37.58 billion for the quarter. Equities analysts predict that Mercedes-Benz Group AG will post 2.26 EPS for the current year.

About Mercedes-Benz Group

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.