Mercedes-Benz Group (OTCMKTS:MBGAF) Sets New 1-Year Low – Here’s Why

Mercedes-Benz Group AG (OTCMKTS:MBGAFGet Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $54.18 and last traded at $54.18, with a volume of 21750 shares. The stock had previously closed at $55.47.

Mercedes-Benz Group Trading Down 2.3%

The company has a fifty day simple moving average of $59.59 and a 200-day simple moving average of $64.96. The stock has a market cap of $57.96 billion, a price-to-earnings ratio of 4.09 and a beta of 1.26.

Mercedes-Benz Group Company Profile

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Mercedes-Benz Group AG (OTCMKTS: MBGAF) is a German multinational automotive manufacturer principally known for the Mercedes?Benz brand of luxury passenger cars and vans. The company designs, produces and sells a broad spectrum of vehicles that includes compact cars, sedans, sport utilities, coupes, convertibles and light commercial vans, and it provides related aftermarket services and parts. In addition to vehicle manufacturing, the group delivers financing, leasing, insurance and mobility services through its financial-services arm.

Mercedes?Benz Group markets a portfolio of distinct marques and technology offerings, including Mercedes?Benz passenger vehicles, Mercedes?AMG high-performance models, Mercedes?Maybach luxury variants and the all?electric EQ family.

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