Mercedes-Benz Group AG (OTCMKTS:MBGAF – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $48.00 and last traded at $48.25, with a volume of 10375 shares. The stock had previously closed at $50.15.
Mercedes-Benz Group Stock Performance
The company has a 50-day simple moving average of $53.10 and a 200-day simple moving average of $56.27. The company has a market cap of $51.35 billion, a price-to-earnings ratio of 3.62 and a beta of 1.26.
Institutional Investors Weigh In On Mercedes-Benz Group
A hedge fund recently bought a new stake in Mercedes-Benz Group stock. Pinnacle Holdings LLC acquired a new stake in shares of Mercedes-Benz Group AG (OTCMKTS:MBGAF – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,000 shares of the company’s stock, valued at approximately $25,000.
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, luxury vehicles and commercial vans under the Mercedes-Benz brand. Its vehicle portfolio includes sedans, SUVs, performance models from Mercedes-AMG and luxury vehicles from Mercedes-Maybach, along with electric vehicles and related mobility technologies.
The company also provides financing, leasing, insurance and fleet-management services through its mobility business.
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