Mercedes-Benz Group AG (OTCMKTS:MBGAF – Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $52.83, but opened at $54.64. Mercedes-Benz Group shares last traded at $54.49, with a volume of 3,173 shares changing hands.
Mercedes-Benz Group Stock Performance
The firm has a 50-day moving average of $52.20 and a 200-day moving average of $58.09. The firm has a market capitalization of $58.43 billion, a P/E ratio of 4.12 and a beta of 1.26.
Institutional Trading of Mercedes-Benz Group
An institutional investor recently bought a new stake in Mercedes-Benz Group stock. Pinnacle Holdings LLC acquired a new stake in shares of Mercedes-Benz Group AG (OTCMKTS:MBGAF – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,000 shares of the company’s stock, valued at approximately $25,000.
About Mercedes-Benz Group
Mercedes-Benz Group AG (OTCMKTS: MBGAF) is a German multinational automotive manufacturer principally known for the Mercedes‑Benz brand of luxury passenger cars and vans. The company designs, produces and sells a broad spectrum of vehicles that includes compact cars, sedans, sport utilities, coupes, convertibles and light commercial vans, and it provides related aftermarket services and parts. In addition to vehicle manufacturing, the group delivers financing, leasing, insurance and mobility services through its financial-services arm.
Mercedes‑Benz Group markets a portfolio of distinct marques and technology offerings, including Mercedes‑Benz passenger vehicles, Mercedes‑AMG high-performance models, Mercedes‑Maybach luxury variants and the all‑electric EQ family.
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