Mercedes-Benz Group (OTCMKTS:MBGYY) Hits New 1-Year High – Here’s Why

Mercedes-Benz Group AG (OTCMKTS:MBGYY)’s stock price hit a new 52-week high on Friday . The company traded as high as C$16.87 and last traded at C$16.83, with a volume of 10508 shares. The stock had previously closed at C$16.68.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MBGYY. DZ Bank raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. Royal Bank Of Canada downgraded Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Mercedes-Benz Group Price Performance

The company has a market capitalization of C$65.02 billion, a price-to-earnings ratio of 5.36 and a beta of 1.01. The company has a current ratio of 1.32, a quick ratio of 0.97 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of C$15.57 and a 200 day moving average price of C$15.14.

Mercedes-Benz Group (OTCMKTS:MBGYY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported C$0.36 earnings per share for the quarter. The business had revenue of C$37.58 billion during the quarter. Mercedes-Benz Group had a net margin of 4.51% and a return on equity of 6.69%. As a group, equities research analysts forecast that Mercedes-Benz Group AG will post 2.26 earnings per share for the current 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.