Mercedes-Benz Group (OTCMKTS:MBGAF) Hits New 12-Month Low – Time to Sell?

Shares of Mercedes-Benz Group AG (OTCMKTS:MBGAF) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $53.78 and last traded at $54.36, with a volume of 43307 shares. The stock had previously closed at $54.36.

Wall Street Analyst Weigh In

Separately, UBS Group raised Mercedes-Benz Group to a “strong-buy” rating in a report on Wednesday, September 4th.

Mercedes-Benz Group Stock Performance

The firm’s 50 day simple moving average is $60.92 and its 200-day simple moving average is $66.22. The company has a market cap of $58.16 billion, a price-to-earnings ratio of 3.97 and a beta of 1.26.

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.