Mercedes-Benz Group AG (OTCMKTS:MBGYY – Get Free Report)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as C$12.00 and last traded at C$12.01, with a volume of 34701 shares. The stock had previously closed at C$12.43.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on MBGYY. Zacks Research raised shares of Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Jefferies Financial Group upgraded Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Four research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.
Get Our Latest Report on Mercedes-Benz Group
Mercedes-Benz Group Stock Down 3.9%
Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C$0.33 earnings per share (EPS) for the quarter. The business had revenue of C$37.27 billion during the quarter. Mercedes-Benz Group had a return on equity of 5.41% and a net margin of 3.89%. On average, equities research analysts forecast that Mercedes-Benz Group AG will post 1.37 EPS for the current fiscal year.
About Mercedes-Benz Group
Mercedes-Benz Group AG is a German automotive company headquartered in Stuttgart. Its origins trace to the development of the first gasoline-powered automobile by Carl Benz in 1886, and the group operated as Daimler AG before adopting the Mercedes-Benz Group name in 2022.
The company develops, manufactures and sells premium passenger cars and electric vehicles under the Mercedes-Benz brand, along with high-performance Mercedes-AMG and luxury Mercedes-Maybach models. Its passenger-vehicle lineup includes sedans, SUVs, coupes and convertibles across a range of sizes and powertrains.
Mercedes-Benz also produces vans for commercial and private use through its Mercedes-Benz Vans business.
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