Mercedes-Benz Group (OTCMKTS:MBGAF) Shares Gap Up – Here’s What Happened

Mercedes-Benz Group AG (OTCMKTS:MBGAF) gapped up before the market opened on Monday . The stock had previously closed at $52.83, but opened at $54.64. Mercedes-Benz Group shares last traded at $54.49, with a volume of 3,173 shares trading hands.

Mercedes-Benz Group Price Performance

The business has a 50-day moving average of $52.20 and a 200 day moving average of $58.09. The company has a market cap of $58.43 billion, a PE ratio of 4.12 and a beta of 1.26.

Hedge Funds Weigh In On Mercedes-Benz Group

An institutional investor recently bought a new stake in Mercedes-Benz Group stock. Pinnacle Holdings LLC bought a new stake in shares of Mercedes-Benz Group AG (OTCMKTS:MBGAF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,000 shares of the company’s stock, valued at approximately $25,000.

About Mercedes-Benz Group

Mercedes-Benz Group AG (OTCMKTS: MBGAF) is a German multinational automotive manufacturer principally known for the Mercedes‑Benz brand of luxury passenger cars and vans. The company designs, produces and sells a broad spectrum of vehicles that includes compact cars, sedans, sport utilities, coupes, convertibles and light commercial vans, and it provides related aftermarket services and parts. In addition to vehicle manufacturing, the group delivers financing, leasing, insurance and mobility services through its financial-services arm.

Mercedes‑Benz Group markets a portfolio of distinct marques and technology offerings, including Mercedes‑Benz passenger vehicles, Mercedes‑AMG high-performance models, Mercedes‑Maybach luxury variants and the all‑electric EQ family.