Mercedes-Benz Group (OTCMKTS:MBGYY) Stock Price Up 1.8% - Time to Buy?

Key Points

• Mercedes-Benz Group AG stock price increased by 1.8% during mid-day trading, reaching C$14.53 while trading volume fell by 55% compared to its average.
• The company reported a quarterly earnings per share (EPS) of C$0.27, with a net margin of 4.85% and a current fiscal year EPS forecast of 2.26.
• Mercedes-Benz operates internationally through various segments including Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Mobility.

Mercedes-Benz Group AG (OTCMKTS:MBGYY - Get Free Report) shares rose 1.8% on Wednesday . The stock traded as high as C$14.56 and last traded at C$14.53. Approximately 114,889 shares changed hands during trading, a decline of 55% from the average daily volume of 253,231 shares. The stock had previously closed at C$14.28.

Mercedes-Benz Group Stock Down 1.3%

The business's 50-day simple moving average is C$14.75 and its two-hundred day simple moving average is C$14.95. The stock has a market cap of C$57.66 billion, a P/E ratio of 4.55 and a beta of 1.01.

Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported C$0.27 EPS for the quarter. Mercedes-Benz Group had a net margin of 4.85% and a return on equity of 7.35%. The company had revenue of C$37.62 billion during the quarter. Analysts anticipate that Mercedes-Benz Group AG will post 2.26 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.