Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Up – Time to Buy?

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) shares gapped up prior to trading on Thursday. The stock had previously closed at $59.00, but opened at $63.50. Bayerische Motoren Werke shares last traded at $63.50, with a volume of 172 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of Bayerische Motoren Werke from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. Two research 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Bayerische Motoren Werke Stock Up 7.6%

The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $64.21 and a 200 day simple moving average of $78.98. The stock has a market cap of $36.82 billion, a price-to-earnings ratio of 5.40 and a beta of 0.71.

About Bayerische Motoren Werke

Bayerische Motoren Werke AG, commonly known as BMW, is a Germany-based manufacturer of premium automobiles and motorcycles. Its automotive portfolio includes vehicles sold under the BMW, MINI and Rolls-Royce Motor Cars brands, while BMW Motorrad produces motorcycles and related products. Founded in 1916, BMW began as an aircraft-engine manufacturer before expanding into automobiles and motorcycles. The company also provides financial services, including vehicle financing and leasing, to retail and business customers.