Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported C$0.47 earnings per share for the quarter, Zacks reports. The company had revenue of C$35.33 billion for the quarter. Mercedes-Benz Group had a return on equity of 5.75% and a net margin of 4.20%.
Mercedes-Benz Group Stock Performance
OTCMKTS:MBGYY traded up C$0.01 during midday trading on Friday, reaching C$11.38. 118,350 shares of the company traded hands, compared to its average volume of 478,717. Mercedes-Benz Group has a twelve month low of C$10.83 and a twelve month high of C$18.16. The firm has a market capitalization of C$43.81 billion, a price-to-earnings ratio of 6.85 and a beta of 0.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.32 and a quick ratio of 1.01. The company has a fifty day moving average price of C$12.21 and a 200 day moving average price of C$14.23.
Analyst Upgrades and Downgrades
Several research firms have issued reports on MBGYY. Zacks Research downgraded shares of Mercedes-Benz Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Dbs Bank raised shares of Mercedes-Benz Group from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, September 30th. Four equities research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.
View Our Latest Report on Mercedes-Benz Group
About Mercedes-Benz Group
Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. Formerly known as Daimler AG, the company adopted its current name in February 2022 after reorganizing its business around the Mercedes-Benz brand and related mobility activities.
The company develops, manufactures and sells premium passenger cars and luxury vehicles under the Mercedes-Benz, Mercedes-AMG and Mercedes-Maybach brands. Its product range includes sedans, SUVs, coupes, convertibles and electric vehicles.
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