Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Down – Here’s Why

Bayerische Motoren Werke AG (OTCMKTS:BAMXF)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $77.00, but opened at $65.3010. Bayerische Motoren Werke shares last traded at $70.04, with a volume of 980 shares.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BAMXF shares. Dbs Bank raised Bayerische Motoren Werke from a “moderate sell” rating to a “hold” rating in a report on Monday, March 16th. Berenberg Bank downgraded Bayerische Motoren Werke from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, DZ Bank raised Bayerische Motoren Werke to a “strong-buy” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Bayerische Motoren Werke Stock Performance

The stock has a market capitalization of $40.01 billion, a P/E ratio of 5.32 and a beta of 0.59. The company has a quick ratio of 0.89, a current ratio of 1.17 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average price of $88.72 and a 200-day moving average price of $96.64.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.37. The firm had revenue of $37.31 billion for the quarter, compared to the consensus estimate of $37.25 billion. Bayerische Motoren Werke had a return on equity of 7.09% and a net margin of 5.22%.

About Bayerische Motoren Werke

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.