Mercedes-Benz Group (OTCMKTS:MBGAF) Stock Price Up 0.7% - Here's What Happened

Key Points

• Mercedes-Benz Group AG shares increased by 0.7%, reaching a last traded price of $61.64 after a mid-day high of $62.66.
• Approximately 16,368 shares were traded, marking a 53% decline from the average daily trading volume of 34,573 shares.
• The company holds a market cap of $65.94 billion and a P/E ratio of 4.65, suggesting an attractive valuation.

Mercedes-Benz Group AG (OTCMKTS:MBGAF - ) shares rose 0.7% during mid-day trading on Wednesday . The stock traded as high as $62.66 and last traded at $61.64. Approximately 16,368 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 34,573 shares. The stock had previously closed at $61.19.

Mercedes-Benz Group Trading Up 0.7%

The firm has a market cap of $65.94 billion, a P/E ratio of 4.65 and a beta of 1.26. The business has a 50-day moving average of $61.14 and a two-hundred day moving average of $60.02.

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.

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