Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Up Following Analyst Upgrade

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) shares gapped up before the market opened on Wednesday after Berenberg Bank upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $71.00, but opened at $75.00. Bayerische Motoren Werke shares last traded at $75.00, with a volume of 196 shares.

Bayerische Motoren Werke Stock Performance

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a market cap of $40.01 billion, a P/E ratio of 5.69 and a beta of 0.65. The stock’s 50 day moving average is $67.43 and its two-hundred day moving average is $79.55.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.24. Bayerische Motoren Werke had a net margin of 4.92% and a return on equity of 6.50%. The firm had revenue of $35.70 billion during the quarter, compared to analysts’ expectations of $36.98 billion.

Bayerische Motoren Werke Company Profile

Bayerische Motoren Werke AG, commonly known as BMW, is a German automotive company headquartered in Munich. Founded in 1916, the company initially focused on aircraft engines before developing motorcycles and automobiles. BMW operates internationally and serves customers across Europe, North America, Asia and other global markets.

BMW develops, manufactures and sells premium automobiles under the BMW, MINI and Rolls-Royce brands. Its vehicle portfolio includes passenger cars, sport utility vehicles, electric vehicles and performance-oriented models.