Mercedes-Benz Group (OTCMKTS:MBGAF) Hits New 52-Week Low – Time to Sell?

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

Wall Street Analyst Weigh In

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

Mercedes-Benz Group Stock Up 1.3 %

The stock’s fifty day simple moving average is $61.89 and its 200 day simple moving average is $67.06. The firm has a market capitalization of $58.94 billion, a PE 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.