Mercedes-Benz Group (OTCMKTS:MBGYY) Stock Price Up 3% – Still a Buy?

Mercedes-Benz Group AG (OTCMKTS:MBGYY)’s stock price rose 3% on Friday . The company traded as high as C$16.24 and last traded at C$16.02. Approximately 211,799 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 411,867 shares. The stock had previously closed at C$15.55.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MBGYY. Sanford C. Bernstein lowered shares of Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. UBS Group lowered shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Berenberg Bank lowered shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Barclays lowered shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research report on Monday, December 2nd. Finally, The Goldman Sachs Group lowered shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Mercedes-Benz Group Stock Up 3.0 %

The firm has a market cap of C$61.70 billion, a price-to-earnings ratio of 5.57 and a beta of 1.22. The company has a current ratio of 1.36, a quick ratio of 0.98 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average price of C$14.41 and a 200-day moving average price of C$15.08.

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.