Mercedes-Benz Group (OTCMKTS:MBGYY) Sees Strong Trading Volume – Time to Buy?

Shares of Mercedes-Benz Group AG (OTCMKTS:MBGYY) saw unusually-strong trading volume on Tuesday . Approximately 621,386 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 400,719 shares.The stock last traded at C$13.03 and had previously closed at C$12.96.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Mercedes-Benz Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Four equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Mercedes-Benz Group Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.66. The stock has a market cap of C$50.42 billion, a price-to-earnings ratio of 8.79 and a beta of 0.81. The company’s 50-day moving average is C$13.96 and its 200-day moving average is C$15.64.

Mercedes-Benz Group (OTCMKTS:MBGYY) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.44 earnings per share for the quarter. The company had revenue of C$36.98 billion for the quarter. Mercedes-Benz Group had a return on equity of 5.33% and a net margin of 3.74%. Equities research analysts expect that Mercedes-Benz Group AG will post 1.45 earnings per share for the current fiscal year.

About Mercedes-Benz Group

Mercedes-Benz Group AG is a global automotive manufacturer best known for producing premium passenger cars and vans under the Mercedes?Benz brand. The company’s product portfolio spans compact and executive cars, luxury models marketed under Mercedes?Maybach, high?performance variants from Mercedes?AMG, and a growing range of electric vehicles sold under the EQ subbrand. In addition to vehicle manufacturing, Mercedes?Benz Group provides aftersales services, connected?car technologies and mobility solutions through its finance and mobility arm, which offers leasing, financing, fleet management and related customer services.

The company traces its industrial roots to the pioneering work of Karl Benz and Gottlieb Daimler in the late 19th century and to the creation of Daimler?Benz in the early 20th century.