Mercedes-Benz Group (OTCMKTS:MBGYY) Sees Strong Trading Volume – What’s Next?

Mercedes-Benz Group AG (OTCMKTS:MBGYY) shares saw unusually-strong trading volume on Tuesday . Approximately 491,904 shares traded hands during trading, an increase of 145% from the previous session’s volume of 200,547 shares.The stock last traded at C$16.67 and had previously closed at C$17.00.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MBGYY. DZ Bank raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Hsbc Global Res upgraded shares of Mercedes-Benz Group to a “strong-buy” rating in a report on Tuesday, January 13th. Royal Bank Of Canada downgraded shares of Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, The Goldman Sachs Group upgraded Mercedes-Benz Group to a “strong-buy” rating in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Mercedes-Benz Group Trading Down 2.9%

The firm has a market capitalization of C$63.59 billion, a PE ratio of 5.24 and a beta of 0.82. The company’s 50-day moving average price is C$17.30 and its 200-day moving average price is C$16.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 1.27.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$0.36 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a return on equity of 6.59% and a net margin of 4.51%.The business had revenue of C$37.58 billion during the quarter. On average, sell-side analysts expect that Mercedes-Benz Group AG will post 2.26 earnings per share for the current year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.