Mercedes-Benz Group (OTCMKTS:MBGAF) Reaches New 52-Week Low – What’s Next?

Mercedes-Benz Group AG (OTCMKTS:MBGAF)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $43.71 and last traded at $43.71, with a volume of 10629 shares. The stock had previously closed at $45.69.

Mercedes-Benz Group Trading Down 2.1%

The stock’s 50-day moving average is $51.82 and its 200-day moving average is $54.97. The stock has a market cap of $46.72 billion, a price-to-earnings ratio of 3.30 and a beta of 1.26.

Institutional Trading of Mercedes-Benz Group

An institutional investor recently bought a new position in Mercedes-Benz Group stock. Pinnacle Holdings LLC purchased a new stake in Mercedes-Benz Group AG (OTCMKTS:MBGAF) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 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, markets and sells premium passenger cars, vans and related mobility services under the Mercedes-Benz brand. Its passenger-vehicle portfolio includes Mercedes-Benz automobiles, Mercedes-AMG performance vehicles, Mercedes-Maybach luxury models and the G-Class family.

The company also produces and markets light commercial vans for private and business customers. Its mobility activities include vehicle financing and leasing, insurance-related services, fleet management and other transportation solutions.