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

Shares of Bayerische Motoren Werke AG (OTCMKTS:BAMXF) gapped down prior to trading on Tuesday . The stock had previously closed at $84.99, but opened at $79.00. Bayerische Motoren Werke shares last traded at $79.00, with a volume of 162 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Berenberg Bank lowered Bayerische Motoren Werke from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 17th. Dbs Bank upgraded Bayerische Motoren Werke from a “moderate sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, DZ Bank upgraded Bayerische Motoren Werke to a “strong-buy” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Bayerische Motoren Werke currently has an average rating of “Hold”.

Bayerische Motoren Werke Stock Performance

The company has a 50-day simple moving average of $90.64 and a two-hundred day simple moving average of $97.75. 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 firm has a market cap of $46.64 billion, a PE ratio of 6.20 and a beta of 0.59.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.14 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.37. Bayerische Motoren Werke had a return on equity of 7.09% and a net margin of 5.22%.The business had revenue of $37.31 billion for the quarter, compared to analysts’ expectations of $37.25 billion.

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.