Mercedes-Benz Group (OTCMKTS:MBGYY) Shares Gap Down – Time to Sell?

Mercedes-Benz Group AG (OTCMKTS:MBGYY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at C$17.18, but opened at C$16.57. Mercedes-Benz Group shares last traded at C$16.77, with a volume of 12,878 shares trading hands.

Wall Street Analyst Weigh In

MBGYY has been the topic of a number of research analyst reports. DZ Bank raised shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. The Goldman Sachs Group raised shares of Mercedes-Benz Group to a “strong-buy” rating in a research report on Monday, November 24th. Finally, Royal Bank Of Canada downgraded shares of Mercedes-Benz Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Mercedes-Benz Group has a consensus rating of “Moderate Buy”.

Mercedes-Benz Group Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.32 and a debt-to-equity ratio of 0.74. The company has a market capitalization of C$64.82 billion, a PE ratio of 5.34 and a beta of 0.83. The company has a 50-day moving average price of C$16.13 and a two-hundred day moving average price of C$15.38.

Mercedes-Benz Group (OTCMKTS:MBGYY) last issued its earnings results on Wednesday, October 29th. The company reported C$0.36 EPS for the quarter. Mercedes-Benz Group had a return on equity of 6.69% and a net margin of 4.51%.The business had revenue of C$37.58 billion during the quarter. Analysts predict that Mercedes-Benz Group AG will post 2.26 EPS for the current fiscal year.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG operates as an automotive company in Germany and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as related spare parts and accessories.