Mercedes-Benz Group AG (OTCMKTS:MBGAF – Get Free Report)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $50.15, but opened at $47.6075. Mercedes-Benz Group shares last traded at $47.4050, with a volume of 2,677 shares trading hands.
Mercedes-Benz Group Price Performance
The stock’s 50 day moving average price is $52.80 and its two-hundred day moving average price is $55.98. The firm has a market capitalization of $50.60 billion, a price-to-earnings ratio of 3.57 and a beta of 1.26.
Institutional Investors Weigh In On Mercedes-Benz Group
A hedge fund recently bought a new position in Mercedes-Benz Group stock. Pinnacle Holdings LLC acquired a new position in Mercedes-Benz Group AG (OTCMKTS:MBGAF – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,000 shares of the company’s stock, valued at approximately $25,000.
About Mercedes-Benz Group
Mercedes-Benz Group AG is a Germany-based automotive company headquartered in Stuttgart. The company develops, manufactures and sells premium passenger cars, luxury vehicles and commercial vans under the Mercedes-Benz brand. Its vehicle portfolio includes sedans, SUVs, performance models from Mercedes-AMG and luxury vehicles from Mercedes-Maybach, along with electric vehicles and related mobility technologies.
The company also provides financing, leasing, insurance and fleet-management services through its mobility business.
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