Mercedes-Benz Group (OTCMKTS:MBGYY) Releases Quarterly Earnings Results

Mercedes-Benz Group (OTCMKTS:MBGYY) announced its quarterly earnings data on Thursday. The company reported C$0.69 earnings per share (EPS) for the quarter, Zacks reports. Mercedes-Benz Group had a net margin of 7.36% and a return on equity of 11.66%.

Mercedes-Benz Group Price Performance

Shares of OTCMKTS MBGYY traded down C$0.35 during midday trading on Thursday, reaching C$15.85. 245,132 shares of the company traded hands, compared to its average volume of 286,531. The firm has a market cap of C$61.05 billion, a PE ratio of 5.51 and a beta of 1.22. The stock’s 50-day simple moving average is C$14.50 and its 200-day simple moving average is C$15.07. Mercedes-Benz Group has a 12 month low of C$13.36 and a 12 month high of C$20.81. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 1.36.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MBGYY shares. Barclays downgraded shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research note on Monday, December 2nd. The Goldman Sachs Group downgraded shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Sanford C. Bernstein downgraded shares of Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. UBS Group downgraded shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Berenberg Bank downgraded shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Mercedes-Benz Group Company Profile

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.