Shares of Mercedes-Benz Group AG (OTCMKTS:MBGYY – Get Free Report) saw unusually-high trading volume on Monday after Jefferies Financial Group upgraded the stock from a hold rating to a strong-buy rating. Approximately 257,277 shares were traded during trading, a decline of 30% from the previous session’s volume of 367,868 shares.The stock last traded at C$12.30 and had previously closed at C$12.25.
Mercedes-Benz Group Trading Up 0.9%
The company has a market capitalization of C$48.11 billion, a price-to-earnings ratio of 8.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.38. The business’s 50-day simple moving average is C$14.13 and its 200-day simple moving average is C$15.78.
Mercedes-Benz Group (OTCMKTS:MBGYY – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.44 EPS for the quarter. Mercedes-Benz Group had a net margin of 3.74% and a return on equity of 5.33%. The company had revenue of C$36.98 billion during the quarter. On average, research analysts expect that Mercedes-Benz Group AG will post 1.45 earnings per share for the current fiscal 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.
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