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

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of Bayerische Motoren Werke from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Bayerische Motoren Werke currently has a consensus rating of “Moderate Buy”.

Bayerische Motoren Werke Price Performance

The company has a market capitalization of $34.06 billion, a P/E ratio of 4.85 and a beta of 0.70. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 1.15. The firm’s fifty day moving average is $66.06 and its 200-day moving average is $75.25.

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

Bayerische Motoren Werke Company Profile

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.