Bayerische Motoren Werke (OTCMKTS:BAMXF) Trading 6.1% Higher – Here’s What Happened

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) shares rose 6.1% on Friday . The company traded as high as $89.64 and last traded at $89.64. Approximately 234 shares changed hands during trading, a decline of 55% from the average daily volume of 524 shares. The stock had previously closed at $84.46.

Wall Street Analyst Weigh In

BAMXF has been the subject of a number of analyst reports. Dbs Bank upgraded Bayerische Motoren Werke from a “moderate sell” rating to a “hold” rating in a research note on Monday, March 16th. Barclays downgraded Bayerische Motoren Werke from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. DZ Bank raised Bayerische Motoren Werke to a “strong-buy” rating in a research note on Thursday, February 19th. Berenberg Bank cut Bayerische Motoren Werke from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, UBS Group downgraded Bayerische Motoren Werke from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Bayerische Motoren Werke presently has an average rating of “Hold”.

Bayerische Motoren Werke Stock Down 1.9%

The company has a quick ratio of 0.86, a current ratio of 1.14 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $51.97 billion, a PE ratio of 6.69 and a beta of 0.61. The company’s 50 day moving average is $98.61 and its two-hundred day moving average is $99.78.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last announced its quarterly earnings results on Thursday, March 12th. The company reported $3.40 EPS for the quarter, topping the consensus estimate of $2.21 by $1.19. Bayerische Motoren Werke had a net margin of 5.45% and a return on equity of 7.70%. The business had revenue of $39.27 billion for the quarter, compared to analysts’ expectations of $43.71 billion. On average, analysts anticipate that Bayerische Motoren Werke AG will post 13.38 earnings per share for the current year.

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.