Mercedes-Benz Group (OTCMKTS:MBGYY) Shares Gap Down – What’s Next?

Mercedes-Benz Group AG (OTCMKTS:MBGYY) shares gapped down before the market opened on Tuesday. The stock had previously closed at C$11.47, but opened at C$11.04. Mercedes-Benz Group shares last traded at C$11.06, with a volume of 60,737 shares changing hands.

Analysts Set New Price Targets

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

Mercedes-Benz Group Price Performance

The stock has a market cap of C$42.83 billion, a PE ratio of 7.17 and a beta of 0.88. The company has a quick ratio of 1.01, a current ratio of 1.32 and a debt-to-equity ratio of 0.67. The business’s 50-day simple moving average is C$12.24 and its 200-day simple moving average is C$14.26.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings data on Wednesday, October 28th. The company reported C$0.47 EPS for the quarter. The company had revenue of C$35.33 billion for the quarter. Mercedes-Benz Group had a return on equity of 5.41% and a net margin of 3.89%. On average, research analysts expect that Mercedes-Benz Group AG will post 1.35 EPS for the current fiscal year.

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.