Mercedes-Benz Group AG (OTCMKTS:MBGYY – Get Free Report) shares saw strong trading volume on Monday after Jefferies Financial Group upgraded the stock from a hold rating to a strong-buy rating. 257,277 shares changed hands during mid-day trading, a decline of 30% from the previous session’s volume of 367,868 shares.The stock last traded at C$12.30 and had previously closed at C$12.25.
Mercedes-Benz Group Stock Performance
The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a 50 day moving average price of C$14.13 and a two-hundred day moving average price of C$15.78. The company has a market capitalization of C$48.11 billion, a P/E ratio of 8.38 and a beta of 0.78.
Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.44 EPS for the quarter. The business had revenue of C$36.98 billion for the quarter. Mercedes-Benz Group had a return on equity of 5.33% and a net margin of 3.74%. On average, research analysts expect that Mercedes-Benz Group AG will post 1.45 earnings per share for the current fiscal year.
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.
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