Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) issued its quarterly earnings results on Thursday. The company reported C$0.69 earnings per share (EPS) for the quarter, Zacks reports. Mercedes-Benz Group had a net margin of 7.36% and a return on equity of 11.66%. The company had revenue of C$41.02 billion for the quarter.
Mercedes-Benz Group Stock Down 2.0 %
Shares of OTCMKTS:MBGYY traded down C$0.31 during trading hours on Friday, reaching C$15.28. The stock had a trading volume of 573,863 shares, compared to its average volume of 408,849. Mercedes-Benz Group has a 1 year low of C$13.36 and a 1 year high of C$20.81. The firm's 50 day moving average is C$14.52 and its 200-day moving average is C$15.07. The stock has a market capitalization of C$58.85 billion, a price-to-earnings ratio of 5.31 and a beta of 1.22. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.98 and a current ratio of 1.36.
Analyst Ratings Changes
Several brokerages recently weighed in on MBGYY. Sanford C. Bernstein downgraded shares of Mercedes-Benz Group from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. Berenberg Bank lowered Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Barclays cut Mercedes-Benz Group from an "equal weight" rating to an "underweight" rating in a research note on Monday, December 2nd. UBS Group cut Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group downgraded Mercedes-Benz Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold".
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Mercedes-Benz Group Company Profile
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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.
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