Mercedes-Benz Group (OTCMKTS:MBGYY) Hits New 52-Week Low - Time to Sell?

Mercedes-Benz Group AG (OTCMKTS:MBGYY - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as C$12.55 and last traded at C$13.68, with a volume of 1355610 shares traded. The stock had previously closed at C$12.77.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MBGYY shares. Sanford C. Bernstein cut Mercedes-Benz Group from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. Barclays raised shares of Mercedes-Benz Group from a "strong sell" rating to a "hold" rating in a research report on Friday, March 21st. Berenberg Bank cut shares of Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group cut shares of Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

Mercedes-Benz Group Stock Performance

The firm has a market cap of C$54.19 billion, a P/E ratio of 5.10 and a beta of 1.09. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of C$15.24 and a 200-day simple moving average of C$14.78.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported C$0.69 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a net margin of 6.99% and a return on equity of 10.90%. The company had revenue of C$41.02 billion during the quarter. On average, sell-side 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.