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

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) gapped up before the market opened on Wednesday. The stock had previously closed at $52.10, but opened at $58.90. Bayerische Motoren Werke shares last traded at $58.90, with a volume of 235 shares changing hands.

Analyst Ratings Changes

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

Bayerische Motoren Werke Trading Up 15.2%

The firm has a 50-day simple moving average of $67.40 and a 200-day simple moving average of $76.85. 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 market cap of $34.79 billion, a PE ratio of 4.95 and a beta of 0.70.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last issued its earnings results on Thursday, July 30th. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.14 by $0.24. The business had revenue of $35.70 billion during the quarter, compared to the consensus estimate of $36.98 billion. 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 Germany-based manufacturer of premium automobiles and motorcycles. The company develops, produces and sells vehicles under the BMW, MINI and Rolls-Royce brands, offering passenger cars, sport utility vehicles, performance models and electric vehicles. Its BMW Motorrad division produces motorcycles and related products.

BMW also provides automotive financing, leasing and fleet services through its financial-services operations. The company is expanding its range of battery-electric vehicles while continuing to offer vehicles with internal-combustion and plug-in hybrid powertrains.