Mercedes-Benz Group (OTCMKTS:MBGYY) Sees Unusually-High Trading Volume – What’s Next?

Mercedes-Benz Group AG (OTCMKTS:MBGYY) saw unusually-high trading volume on Tuesday . Approximately 424,455 shares traded hands during mid-day trading, an increase of 81% from the previous session’s volume of 234,304 shares.The stock last traded at C$17.26 and had previously closed at C$17.04.

Wall Street Analyst Weigh In

MBGYY has been the topic of a number of research analyst reports. The Goldman Sachs Group raised shares of Mercedes-Benz Group to a “strong-buy” rating in a research note on Monday, November 24th. DZ Bank upgraded shares of Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, HSBC upgraded shares of Mercedes-Benz Group to a “strong-buy” rating in a research report on Tuesday, January 13th. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mercedes-Benz Group presently has a consensus rating of “Buy”.

Mercedes-Benz Group Price Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a 50 day simple moving average of C$17.40 and a two-hundred day simple moving average of C$16.38. The company has a market cap of C$66.94 billion, a price-to-earnings ratio of 6.03 and a beta of 0.83.

Mercedes-Benz Group (OTCMKTS:MBGYY) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$0.42 earnings per share (EPS) for the quarter. Mercedes-Benz Group had a net margin of 3.87% and a return on equity of 5.54%. The firm had revenue of C$39.22 billion during the quarter. On average, equities research analysts predict that Mercedes-Benz Group AG will post 2.26 earnings per share for the current fiscal year.

Mercedes-Benz Group Company Profile

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes‑Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes‑Maybach, high‑performance variants from Mercedes‑AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes‑Benz Group provides aftersales services, connected‑car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler‑Benz in the early 20th century.