Bayerische Motoren Werke (OTCMKTS:BAMXF) Share Price Passes Above 200-Day Moving Average – What’s Next?

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $91.37 and traded as high as $102.52. Bayerische Motoren Werke shares last traded at $102.52, with a volume of 462 shares trading hands.

Analysts Set New Price Targets

Separately, Barclays raised shares of Bayerische Motoren Werke from a “strong sell” rating to a “hold” rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Bayerische Motoren Werke Stock Performance

The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.72. The firm has a market cap of $59.44 billion, a PE ratio of 10.18 and a beta of 0.83. The stock’s 50 day moving average price is $100.15 and its 200 day moving average price is $91.37.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last announced its quarterly earnings results on Thursday, July 31st. The company reported $3.23 earnings per share for the quarter, missing analysts’ consensus estimates of $3.87 by ($0.64). Bayerische Motoren Werke had a return on equity of 6.07% and a net margin of 4.19%.The business had revenue of $39.97 billion for the quarter, compared to analysts’ expectations of $38.94 billion. As a group, equities analysts forecast that Bayerische Motoren Werke AG will post 13.38 earnings per share for the current fiscal year.

Bayerische Motoren Werke Company Profile

Bayerische Motoren Werke Aktiengesellschaft engages in the development, manufacture, and sale of automobiles and motorcycles, and spare parts and accessories worldwide. It operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment engages in the development, manufacture, assembling, and sale of automobiles, spare parts, accessories, and mobility services under the BMW, MINI, and Rolls-Royce brands.