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

Mercedes-Benz Group AG (OTCMKTS:MBGAF) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $55.05 and last traded at $55.35, with a volume of 52278 shares changing hands. The stock had previously closed at $56.15.

Wall Street Analyst Weigh In

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

Mercedes-Benz Group Trading Down 1.4 %

The stock has a market capitalization of $59.20 billion, a P/E ratio of 4.10 and a beta of 1.26. The company has a fifty day simple moving average of $62.36 and a two-hundred day simple moving average of $67.32.

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.