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

Mercedes-Benz Group AG (OTCMKTS:MBGYY) shares saw unusually-high trading volume on Tuesday . Approximately 621,386 shares were traded during mid-day trading, an increase of 55% from the previous session’s volume of 400,719 shares.The stock last traded at C$13.03 and had previously closed at C$12.96.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Four analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Mercedes-Benz Group presently has an average rating of “Strong Buy”.

Mercedes-Benz Group Stock Down 3.4%

The stock has a market capitalization of C$48.61 billion, a price-to-earnings ratio of 8.47 and a beta of 0.81. The firm has a 50 day simple moving average of C$13.89 and a 200-day simple moving average of C$15.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.38 and a quick ratio of 1.06.

Mercedes-Benz Group (OTCMKTS:MBGYY) last posted its earnings results on Wednesday, April 29th. The company reported C$0.44 earnings per share for the quarter. Mercedes-Benz Group had a net margin of 3.74% and a return on equity of 5.33%. The business had revenue of C$36.98 billion for the quarter. On average, sell-side analysts forecast that Mercedes-Benz Group AG will post 1.45 EPS for the current fiscal year.

About Mercedes-Benz Group

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.