Mercedes-Benz Group (OTCMKTS:MBGAF) Sets New 52-Week Low – Here’s What Happened

Mercedes-Benz Group AG (OTCMKTS:MBGAF) hit a new 52-week low on Thursday. The stock traded as low as $43.71 and last traded at $43.71, with a volume of 10629 shares traded. The stock had previously closed at $45.69.

Mercedes-Benz Group Stock Performance

The firm has a fifty day moving average of $51.82 and a 200 day moving average of $54.97. The firm has a market capitalization of $46.72 billion, a PE ratio of 3.30 and a beta of 1.26.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mercedes-Benz Group stock. Pinnacle Holdings LLC bought a new stake in Mercedes-Benz Group AG (OTCMKTS:MBGAF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $25,000.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. The company develops, manufactures, markets and sells premium passenger cars, vans and related mobility services under the Mercedes-Benz brand. Its passenger-vehicle portfolio includes Mercedes-Benz automobiles, Mercedes-AMG performance vehicles, Mercedes-Maybach luxury models and the G-Class family.

The company also produces and markets light commercial vans for private and business customers. Its mobility activities include vehicle financing and leasing, insurance-related services, fleet management and other transportation solutions.