Mercedes-Benz Group (OTCMKTS:MBGYY) Shares Up 1.5% - Here's Why

Key Points

• Mercedes-Benz Group AG shares increased by 1.5% on Thursday, trading at C$15.65 with a significant rise in volume, reaching over 1.2 million shares traded.
• The company reported a quarterly earnings of C$0.27 EPS and revenue of C$37.62 billion, with a net margin of 4.85% and return on equity of 7.35%.
• Mercedes-Benz Group has a market capitalization of C$60.28 billion and a price-to-earnings ratio of 4.76, indicating strong growth potential based on analyst predictions for the current year.

Mercedes-Benz Group AG (OTCMKTS:MBGYY - Get Free Report) shares traded up 1.5% on Thursday . The stock traded as high as C$15.72 and last traded at C$15.65. 1,213,246 shares changed hands during trading, an increase of 740% from the average session volume of 144,359 shares. The stock had previously closed at C$15.42.

Mercedes-Benz Group Stock Down 0.3%

The firm's fifty day moving average price is C$15.07 and its two-hundred day moving average price is C$15.01. The stock has a market capitalization of C$60.01 billion, a PE ratio of 4.74 and a beta of 0.97.

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 for the quarter. Mercedes-Benz Group had a net margin of 4.85% and a return on equity of 7.35%. The firm had revenue of C$37.62 billion during the quarter. As a group, analysts predict that Mercedes-Benz Group AG will post 2.26 EPS for the current 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.