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

Mercedes-Benz Group AG (OTCMKTS:MBGYY)’s stock price was up 3% during mid-day trading on Friday . The stock traded as high as C$16.24 and last traded at C$16.02. Approximately 211,799 shares traded hands during 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 Analyst Weigh In

Several research analysts have recently issued reports on MBGYY shares. The Goldman Sachs Group downgraded Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Berenberg Bank downgraded shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein downgraded shares of Mercedes-Benz Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. UBS Group downgraded shares of Mercedes-Benz Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Barclays downgraded shares of Mercedes-Benz Group from an “equal weight” rating to an “underweight” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Mercedes-Benz Group has a consensus rating of “Hold”.

Mercedes-Benz Group Stock Up 3.0 %

The firm’s 50 day moving average is C$14.41 and its two-hundred day moving average is C$15.08. The stock 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.

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.