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

Shares of Bayerische Motoren Werke AG (OTCMKTS:BAMXF) gapped down prior to trading on Thursday . The stock had previously closed at $68.00, but opened at $62.50. Bayerische Motoren Werke shares last traded at $62.50, with a volume of 1,161 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 report on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Bayerische Motoren Werke Stock Down 6.7%

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 business’s 50 day simple moving average is $67.55 and its 200 day simple moving average is $78.66. The company has a market capitalization of $36.24 billion, a PE ratio of 5.16 and a beta of 0.65.

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

About Bayerische Motoren Werke

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.