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

Mercedes-Benz Group AG (OTCMKTS:MBGYY)’s share price hit a new 52-week high on Thursday . The stock traded as high as C$17.99 and last traded at C$17.93, with a volume of 20527 shares trading hands. The stock had previously closed at C$17.80.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MBGYY shares. The Goldman Sachs Group raised shares of Mercedes-Benz Group to a “strong-buy” rating in a research note on Monday, November 24th. DZ Bank upgraded Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada cut Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Mercedes-Benz Group Stock Up 0.7%

The firm has a market capitalization of C$69.44 billion, a price-to-earnings ratio of 5.72 and a beta of 0.83. The firm has a fifty day moving average price of C$16.44 and a 200 day moving average price of C$15.53. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 0.69.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings results on Wednesday, October 29th. The company reported C$0.36 earnings per share for the quarter. The firm had revenue of C$37.58 billion during the quarter. Mercedes-Benz Group had a return on equity of 6.59% and a net margin of 4.51%. Sell-side analysts anticipate that Mercedes-Benz Group AG will post 2.26 EPS for the current fiscal year.

About Mercedes-Benz Group

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.