Mercedes-Benz Group (OTCMKTS:MBGYY) Hits New 12-Month Low – What’s Next?

Mercedes-Benz Group AG (OTCMKTS:MBGYY) reached a new 52-week low on Friday . The stock traded as low as C$13.36 and last traded at C$13.47, with a volume of 451125 shares traded. The stock had previously closed at C$13.57.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays cut Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research note on Monday, December 2nd. UBS Group lowered shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 3rd.

Mercedes-Benz Group Stock Down 0.3 %

The company’s fifty day simple moving average is C$14.16 and its 200 day simple moving average is C$15.65. 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 firm has a market capitalization of C$57.88 billion, a PE ratio of 4.70 and a beta of 1.23.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its earnings results on Friday, October 25th. The company reported C$0.50 EPS for the quarter. The company had revenue of C$37.95 billion during the quarter. Mercedes-Benz Group had a return on equity of 11.66% and a net margin of 7.36%. Analysts anticipate that Mercedes-Benz Group AG will post 2.45 earnings per share for the current fiscal year.

About Mercedes-Benz Group

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.