Mercedes-Benz Group (OTCMKTS:MBGYY) Posts Earnings Results

Mercedes-Benz Group (OTCMKTS:MBGYY) issued its quarterly earnings results on Wednesday. The company reported C$0.47 EPS for the quarter, Zacks reports.

Mercedes-Benz Group Trading Up 1.0%

OTCMKTS MBGYY traded up C$0.11 on Wednesday, reaching C$11.13. 18,320 shares of the company were exchanged, compared to its average volume of 476,893. The business’s fifty day moving average price is C$12.28 and its 200 day moving average price is C$14.29. The stock has a market capitalization of C$42.87 billion, a P/E ratio of 7.18 and a beta of 0.88. Mercedes-Benz Group has a fifty-two week low of C$10.83 and a fifty-two week high of C$18.16.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MBGYY. Zacks Research upgraded Mercedes-Benz Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Dbs Bank raised shares of Mercedes-Benz Group from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, September 30th. Four research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. Formerly known as Daimler AG, the company adopted its current name in February 2022 after reorganizing its business around the Mercedes-Benz brand and related mobility activities.

The company develops, manufactures and sells premium passenger cars and luxury vehicles under the Mercedes-Benz, Mercedes-AMG and Mercedes-Maybach brands. Its product range includes sedans, SUVs, coupes, convertibles and electric vehicles.