Mercedes-Benz Group (OTCMKTS:MBGYY) Reaches New 1-Year Low – Here’s Why

Mercedes-Benz Group AG (OTCMKTS:MBGYY) reached a new 52-week low during trading on Wednesday. The company traded as low as C$11.00 and last traded at C$11.01, with a volume of 91181 shares trading hands. The stock had previously closed at C$11.35.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MBGYY. 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. Dbs Bank raised shares of Mercedes-Benz Group from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, September 30th. Finally, Zacks Research raised shares of Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Four analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Mercedes-Benz Group Stock Performance

The stock’s 50-day moving average is C$12.96 and its 200-day moving average is C$13.72. The company has a current ratio of 1.32, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67. The stock has a market cap of C$42.52 billion, a price-to-earnings ratio of 7.12 and a beta of 0.88.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C$0.33 earnings per share for the quarter. Mercedes-Benz Group had a net margin of 3.89% and a return on equity of 5.41%. The firm had revenue of C$37.27 billion for the quarter. On average, analysts expect that Mercedes-Benz Group AG will post 1.37 EPS for the current year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. The company develops, manufactures and sells premium passenger cars, performance vehicles, luxury automobiles and light commercial vans under the Mercedes-Benz brand. Its portfolio includes Mercedes-AMG performance models and Mercedes-Maybach luxury vehicles, as well as electric and conventional vehicles.

The group also provides automotive financing, leasing, insurance and fleet-management services through Mercedes-Benz Mobility.