Bayerische Motoren Werke (OTCMKTS:BAMXF) Sees Strong Trading Volume – Here’s What Happened

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) shares saw an uptick in trading volume on Thursday. Approximately 2,758 shares traded hands during mid-day trading, an increase of 65% from the previous session’s volume of 1,671 shares. The stock last traded at $58.88 and had previously closed at $52.10.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bayerische Motoren Werke presently has a consensus rating of “Moderate Buy”.

Bayerische Motoren Werke Stock Down 1.4%

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a 50-day simple moving average of $67.36 and a two-hundred day simple moving average of $76.65. The company has a market cap of $34.15 billion, a PE ratio of 4.86 and a beta of 0.70.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.24. The business had revenue of $35.70 billion for 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%.

About Bayerische Motoren Werke

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.