Mercedes-Benz Group (OTCMKTS:MBGYY) Sees Strong Trading Volume – Time to Buy?

Shares of Mercedes-Benz Group AG (OTCMKTS:MBGYY) saw unusually-strong trading volume on Wednesday . 862,169 shares were traded during trading, an increase of 100% from the previous session’s volume of 430,596 shares.The stock last traded at C$13.33 and had previously closed at C$13.50.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MBGYY. Zacks Research upgraded Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Jefferies Financial Group raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Four research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Mercedes-Benz Group has an average rating of “Buy”.

Mercedes-Benz Group Trading Down 1.0%

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.38 and a quick ratio of 1.06. The business has a 50-day simple moving average of C$13.04 and a two-hundred day simple moving average of C$14.42. The stock has a market cap of C$51.50 billion, a price-to-earnings ratio of 8.63 and a beta of 0.81.

Mercedes-Benz Group (OTCMKTS:MBGYY) last posted its earnings results on Tuesday, July 28th. The company reported C$0.33 earnings per share for the quarter. Mercedes-Benz Group had a return on equity of 5.46% and a net margin of 3.89%.The business had revenue of C$37.27 billion for the quarter. Equities analysts forecast that Mercedes-Benz Group AG will post 1.38 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.