Mercedes-Benz Group (OTCMKTS:MBGYY) Hits New 52-Week Low – Time to Sell?

Shares of Mercedes-Benz Group AG (OTCMKTS:MBGYY) reached a new 52-week low on Wednesday. The company traded as low as C$11.00 and last traded at C$11.01, with a volume of 91181 shares. The stock had previously closed at C$11.35.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Jefferies Financial Group raised Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Zacks Research raised Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Finally, Dbs Bank upgraded Mercedes-Benz Group from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, September 30th. Four investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Mercedes-Benz Group Stock Performance

The firm has a market cap of C$42.18 billion, a P/E ratio of 7.06 and a beta of 0.88. The stock’s 50 day moving average is C$12.86 and its two-hundred day moving average is C$13.67. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.32 and a quick ratio of 1.01.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C$0.33 EPS for the quarter. Mercedes-Benz Group had a net margin of 3.89% and a return on equity of 5.41%. The firm had revenue of C$37.27 billion during the quarter. As a group, equities analysts predict that Mercedes-Benz Group AG will post 1.37 EPS for the current year.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. The company develops, manufactures and sells premium passenger cars, performance vehicles, luxury automobiles and light commercial vans under the Mercedes-Benz brand. Its portfolio includes Mercedes-AMG performance models and Mercedes-Maybach luxury vehicles, as well as electric and conventional vehicles.

The group also provides automotive financing, leasing, insurance and fleet-management services through Mercedes-Benz Mobility.