Mercedes-Benz Group (OTCMKTS:MBGAF) Hits New 52-Week Low – Here’s Why

Mercedes-Benz Group AG (OTCMKTS:MBGAF) reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $46.46 and last traded at $46.46, with a volume of 3325 shares trading hands. The stock had previously closed at $47.2750.

Mercedes-Benz Group Price Performance

The company has a market capitalization of $49.53 billion, a PE ratio of 3.49 and a beta of 1.26. The company’s fifty day moving average is $52.72 and its 200-day moving average is $55.80.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Mercedes-Benz Group stock. Pinnacle Holdings LLC acquired a new position in shares of Mercedes-Benz Group AG (OTCMKTS:MBGAF) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,000 shares of the company’s stock, valued at approximately $25,000.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. The company develops, manufactures, markets and sells premium passenger cars, vans and related mobility services under the Mercedes-Benz brand. Its passenger-vehicle portfolio includes Mercedes-Benz automobiles, Mercedes-AMG performance vehicles, Mercedes-Maybach luxury models and the G-Class family.

The company also produces and markets light commercial vans for private and business customers. Its mobility activities include vehicle financing and leasing, insurance-related services, fleet management and other transportation solutions.