Mercedes-Benz Group (OTCMKTS:MBGAF) Hits New 1-Year Low – What’s Next?

Mercedes-Benz Group AG (OTCMKTS:MBGAF)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $53.78 and last traded at $54.36, with a volume of 43307 shares changing hands. The stock had previously closed at $54.36.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of Mercedes-Benz Group to a “strong-buy” rating in a research report on Wednesday, September 4th.

Mercedes-Benz Group Stock Up 0.3 %

The firm has a market cap of $58.35 billion, a price-to-earnings ratio of 3.98 and a beta of 1.26. The company has a 50 day moving average of $60.75 and a 200 day moving average of $65.96.

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.