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Mercedes-Benz Group (OTCMKTS:MBGAF) Stock Passes Below Fifty Day Moving Average - Here's Why

Mercedes-Benz Group logo with Consumer Cyclical background

Mercedes-Benz Group AG (OTCMKTS:MBGAF - Get Free Report)'s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $61.13 and traded as low as $56.66. Mercedes-Benz Group shares last traded at $57.26, with a volume of 17,155 shares.

Mercedes-Benz Group Stock Up 4.9 %

The firm's 50-day simple moving average is $60.93 and its 200 day simple moving average is $59.13. The stock has a market capitalization of $63.09 billion, a P/E ratio of 4.45 and a beta of 1.26.

About Mercedes-Benz Group

(Get Free Report)

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.

Further Reading

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