Mercedes-Benz Group (OTCMKTS:MBGYY) Shares Down 2.1% - Here's Why

Key Points

• Mercedes-Benz Group AG's stock experienced a 2.1% drop during mid-day trading, with prices reaching a low of C$14.75.
• The company reported C$37.62 billion in revenue for its last quarter, with an earnings per share (EPS) of C$0.27.
• Mercedes-Benz Group has a market capitalization of C$57.12 billion and a P/E ratio of 4.51.

Mercedes-Benz Group AG (OTCMKTS:MBGYY - Get Free Report)'s stock price dropped 2.1% during mid-day trading on Friday . The company traded as low as C$14.75 and last traded at C$14.83. Approximately 430,915 shares traded hands during trading, an increase of 110% from the average daily volume of 204,947 shares. The stock had previously closed at C$15.15.

Mercedes-Benz Group Stock Performance

The company has a market capitalization of C$57.12 billion, a P/E ratio of 4.51 and a beta of 0.98. The business has a 50 day moving average of C$15.24 and a 200-day moving average of C$14.97.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported C$0.27 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a return on equity of 7.35% and a net margin of 4.85%.The company had revenue of C$37.62 billion for the quarter. As a group, equities analysts forecast that Mercedes-Benz Group AG will post 2.26 EPS for the current fiscal year.

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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