Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Up – What’s Next?

Bayerische Motoren Werke AG (OTCMKTS:BAMXF – Get Free Report) shares gapped up prior to trading on Thursday. The stock had previously closed at $57.01, but opened at $60.50. Bayerische Motoren Werke shares last traded at $60.00, with a volume of 3,406 shares traded.

Wall Street Analysts Forecast Growth

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 equities research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Bayerische Motoren Werke has a consensus rating of “Moderate Buy”.

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Bayerische Motoren Werke Stock Performance

The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average price is $66.59 and its two-hundred day moving average price is $75.59. The stock has a market capitalization of $34.79 billion, a PE ratio of 4.95 and a beta of 0.70.

Bayerische Motoren Werke (OTCMKTS:BAMXF – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.24. Bayerische Motoren Werke had a return on equity of 6.50% and a net margin of 4.92%. The company had revenue of $35.70 billion during the quarter, compared to analysts’ expectations of $36.98 billion.

Bayerische Motoren Werke Company Profile

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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.

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