Mercedes-Benz Group AG (OTCMKTS:MBGAF – Get Free Report)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $48.00 and last traded at $48.25, with a volume of 10375 shares. The stock had previously closed at $50.15.
Mercedes-Benz Group Stock Performance
The firm has a 50-day simple moving average of $53.10 and a two-hundred day simple moving average of $56.27. The company has a market capitalization of $51.35 billion, a price-to-earnings ratio of 3.62 and a beta of 1.26.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Mercedes-Benz Group stock. Pinnacle Holdings LLC acquired a new position in shares of Mercedes-Benz Group AG (OTCMKTS:MBGAF – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,000 shares of the company’s stock, valued at approximately $25,000.
About Mercedes-Benz Group
Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. The company develops, manufactures and sells premium passenger cars, luxury vehicles and commercial vans under the Mercedes-Benz brand. Its vehicle portfolio includes sedans, SUVs, performance models from Mercedes-AMG and luxury vehicles from Mercedes-Maybach, along with electric vehicles and related mobility technologies.
The company also provides financing, leasing, insurance and fleet-management services through its mobility business.
See Also
- Five stocks we like better than Mercedes-Benz Group
- These 4 Companies Are Monetizing AI Today
- Quantum and Rare Earths? Implications of the Pasqal/USAR Partnership
- Lockheed’s Stock Hasn’t Priced In Its Own Backlog—Boeing’s Might Already Have
- Eli Lilly Keeps Pulling Ahead—Can Novo Nordisk Catch Up?
Receive News & Ratings for Mercedes-Benz Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercedes-Benz Group and related companies with MarketBeat.com's FREE daily email newsletter.
