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

Mercedes-Benz Group (OTCMKTS:MBGYY) released its earnings results on Tuesday. The company reported C$0.33 EPS for the quarter, Zacks reports. Mercedes-Benz Group had a net margin of 3.74% and a return on equity of 5.33%.

Mercedes-Benz Group Trading Up 2.2%

OTCMKTS:MBGYY opened at C$12.91 on Tuesday. 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 has a 1-year low of C$12.22 and a 1-year high of C$18.16. The firm has a market capitalization of C$49.72 billion, a price-to-earnings ratio of 8.66 and a beta of 0.81. The stock has a fifty day simple moving average of C$13.42 and a 200 day simple moving average of C$15.13.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Four analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

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.