Mercedes-Benz Group AG (OTCMKTS:MBGAF – Get Free Report)’s stock price fell 4.7% during mid-day trading on Monday . The company traded as low as $50.01 and last traded at $50.3556. 2,617 shares changed hands during trading, a decline of 88% from the average daily volume of 22,672 shares. The stock had previously closed at $52.8525.
Mercedes-Benz Group Stock Down 1.6%
The business’s 50-day simple moving average is $53.12 and its two-hundred day simple moving average is $56.49. The firm has a market capitalization of $53.82 billion, a price-to-earnings ratio of 3.80 and a beta of 1.26.
Hedge Funds Weigh In On Mercedes-Benz Group
A hedge fund recently bought a new position in Mercedes-Benz Group stock. Pinnacle Holdings LLC acquired a new stake in Mercedes-Benz Group AG (OTCMKTS:MBGAF – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,000 shares of the company’s stock, valued at approximately $25,000.
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, 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.
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