Mercedes-Benz Group (OTCMKTS:MBGYY) Sets New 12-Month Low – Here’s What Happened

Mercedes-Benz Group AG (OTCMKTS:MBGYY) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$12.55 and last traded at C$13.68, with a volume of 1355610 shares traded. The stock had previously closed at C$12.77.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Sanford C. Bernstein lowered Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. Berenberg Bank downgraded Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Barclays upgraded Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group cut shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Mercedes-Benz Group Stock Up 3.8 %

The stock has a market cap of C$53.46 billion, a PE ratio of 5.03 and a beta of 1.09. The business has a fifty day moving average of C$15.25 and a 200-day moving average of C$14.81. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.36 and a quick ratio of 0.98.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its earnings results on Thursday, February 20th. The company reported C$0.69 earnings per share for the quarter. The business had revenue of C$41.02 billion during the quarter. Mercedes-Benz Group had a return on equity of 10.90% and a net margin of 6.99%. Equities research analysts anticipate that Mercedes-Benz Group AG will post 2.26 earnings per share 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.