Mercedes-Benz Group (OTCMKTS:MBGAF) Trading Up 0.9% – Time to Buy?

Mercedes-Benz Group AG (OTCMKTS:MBGAF)’s stock price rose 0.9% during trading on Friday . The stock traded as high as $59.58 and last traded at $59.31. Approximately 45,906 shares were traded during trading, an increase of 1% from the average daily volume of 45,538 shares. The stock had previously closed at $58.79.

Analyst Ratings Changes

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 0.9 %

The company has a 50-day moving average of $58.74 and a 200-day moving average of $64.21. The company has a market cap of $63.45 billion, a PE ratio of 4.33 and a beta of 1.26.

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.