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

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) shares gapped up prior to trading on Monday. The stock had previously closed at $60.00, but opened at $65.00. Bayerische Motoren Werke shares last traded at $66.00, with a volume of 1,010 shares changing hands.

Wall Street Analysts Forecast Growth

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

Bayerische Motoren Werke Trading Up 1.2%

The firm has a market capitalization of $38.56 billion, a price-to-earnings ratio of 5.49 and a beta of 0.71. The company has a fifty day moving average price of $64.90 and a 200-day moving average price of $80.18. 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 data on Wednesday, November 4th. The company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.72. 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 German manufacturer of premium automobiles and motorcycles. Headquartered in Munich, Germany, the company operates through the BMW, MINI and Rolls-Royce automotive brands, as well as BMW Motorrad.

BMW’s product portfolio includes luxury and performance vehicles, sport utility vehicles, electric vehicles and motorcycles. The company also provides related mobility and financial services, including vehicle leasing, financing and fleet management through its financial-services operations.

Founded in 1916, BMW has developed into a global automotive group with manufacturing, sales and distribution activities across Europe, the Americas, Asia and other international markets.