Mercedes-Benz Group (OTCMKTS:MBGYY) Shares Gap Down – Here’s Why

Mercedes-Benz Group AG (OTCMKTS:MBGYY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at C$13.44, but opened at C$12.60. Mercedes-Benz Group shares last traded at C$12.60, with a volume of 47,974 shares traded.

Mercedes-Benz Group Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.66. The stock has a market cap of C$49.34 billion, a PE ratio of 8.60 and a beta of 0.78. The stock has a 50-day moving average of C$14.72 and a 200 day moving average of C$16.09.

Mercedes-Benz Group (OTCMKTS:MBGYY) last posted its earnings results on Wednesday, April 29th. The company reported C$0.44 EPS for the quarter. Mercedes-Benz Group had a return on equity of 5.33% and a net margin of 3.74%.The company had revenue of C$36.98 billion for the quarter. Equities analysts predict that Mercedes-Benz Group AG will post 1.46 EPS for the current fiscal year.

Mercedes-Benz Group Company Profile

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.