Mercedes-Benz Group AG (OTCMKTS:MBGYY - Get Free Report)'s stock price shot up 1.8% during trading on Tuesday . The stock traded as high as C$14.93 and last traded at C$14.85. 147,968 shares were traded during mid-day trading, a decline of 41% from the average session volume of 252,790 shares. The stock had previously closed at C$14.59.
Analyst Ratings Changes
Separately, Barclays upgraded shares of Mercedes-Benz Group from a "strong sell" rating to a "hold" rating in a research note on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".
View Our Latest Stock Analysis on MBGYY
Mercedes-Benz Group Stock Performance
The business has a 50 day moving average of C$14.66 and a two-hundred day moving average of C$14.78. The stock has a market capitalization of C$57.20 billion, a PE ratio of 3.90 and a beta of 1.02.
Mercedes-Benz Group (OTCMKTS:MBGYY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported C$1.83 EPS for the quarter. Mercedes-Benz Group had a net margin of 6.22% and a return on equity of 9.65%. The business had revenue of C$34.95 billion during the quarter. On average, equities analysts expect that Mercedes-Benz Group AG will post 2.26 EPS for the current fiscal year.
Mercedes-Benz Group Cuts Dividend
The company also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a $0.8297 dividend. This represents a yield of 5.54%. The ex-dividend date was Friday, May 9th. Mercedes-Benz Group's dividend payout ratio is currently 21.26%.
About Mercedes-Benz Group
(
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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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