Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Up – Here’s Why

Shares of Bayerische Motoren Werke AG (OTCMKTS:BAMXF) gapped up prior to trading on Wednesday. The stock had previously closed at $52.10, but opened at $58.90. Bayerische Motoren Werke shares last traded at $58.90, with a volume of 235 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded Bayerische Motoren Werke from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Bayerische Motoren Werke Stock Down 2.0%

The firm has a market capitalization of $33.95 billion, a price-to-earnings ratio of 4.83 and a beta of 0.70. The firm has a fifty day moving average price of $67.22 and a 200 day moving average price of $76.47. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76.

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

Bayerische Motoren Werke Company Profile

Bayerische Motoren Werke AG, commonly known as BMW, is a Germany-based manufacturer of premium automobiles and motorcycles. The company develops, produces and sells vehicles under the BMW, MINI and Rolls-Royce brands, offering passenger cars, sport utility vehicles, performance models and electric vehicles. Its BMW Motorrad division produces motorcycles and related products.

BMW also provides automotive financing, leasing and fleet services through its financial-services operations. The company is expanding its range of battery-electric vehicles while continuing to offer vehicles with internal-combustion and plug-in hybrid powertrains.