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

Bayerische Motoren Werke AG (OTCMKTS:BAMXF)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $68.88, but opened at $66.41. Bayerische Motoren Werke shares last traded at $70.00, with a volume of 284 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on BAMXF. Berenberg Bank cut 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. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Bayerische Motoren Werke currently has a consensus rating of “Hold”.

Bayerische Motoren Werke Stock Performance

The firm’s 50-day moving average price is $81.40 and its two-hundred day moving average price is $93.03. 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 capitalization of $40.59 billion, a PE ratio of 5.40 and a beta of 0.63.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $3.14 EPS for the quarter, beating the consensus estimate of $2.77 by $0.37. Bayerische Motoren Werke had a net margin of 5.22% and a return on equity of 7.09%. The business had revenue of $37.31 billion during the quarter, compared to the consensus estimate 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.