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 Tuesday . The stock had previously closed at $62.00, but opened at $67.00. Bayerische Motoren Werke shares last traded at $67.00, with a volume of 605 shares changing hands.

Bayerische Motoren Werke Stock Up 8.1%

The company has a quick ratio of 0.89, a current ratio of 1.17 and a debt-to-equity ratio of 0.72. The stock’s 50-day simple moving average is $68.09 and its 200 day simple moving average is $84.95. The firm has a market cap of $38.85 billion, a P/E ratio of 5.53 and a beta of 0.64.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.24. The firm had revenue of $35.70 billion during the quarter, compared to analyst estimates of $36.98 billion. Bayerische Motoren Werke had a return on equity of 6.51% and a net margin of 4.92%.

Bayerische Motoren Werke Company Profile

Bayerische Motoren Werke AG (BMW) is a German multinational manufacturer of premium automobiles and motorcycles. Headquartered in Munich, the company designs, manufactures and sells a broad range of passenger vehicles under the BMW brand, as well as the MINI and Rolls?Royce marques. BMW’s product portfolio covers luxury sedans and coupes, SUVs and crossovers (the X series), sports cars, high?performance M models, motorcycles through BMW Motorrad, and an expanding range of electrified powertrains including battery-electric and plug?in hybrid variants.

Founded in 1916, BMW began as an engine manufacturer and over the course of the 20th century diversified into motorcycle and automobile production, building a reputation for engineering and driving dynamics.