Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Up Following Analyst Upgrade

Bayerische Motoren Werke AG (OTCMKTS:BAMXF)’s share price gapped up before the market opened on Wednesday after Berenberg Bank upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $71.00, but opened at $75.00. Bayerische Motoren Werke shares last traded at $75.00, with a volume of 196 shares trading hands.

Bayerische Motoren Werke Trading Down 3.8%

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 company has a market cap of $40.01 billion, a price-to-earnings ratio of 5.69 and a beta of 0.65. The company’s fifty day moving average is $67.43 and its two-hundred day moving average is $79.55.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.38 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 net margin of 4.92% and a return on equity of 6.50%.

Bayerische Motoren Werke Company Profile

Bayerische Motoren Werke AG, commonly known as BMW, is a German automotive company headquartered in Munich. Founded in 1916, the company initially focused on aircraft engines before developing motorcycles and automobiles. BMW operates internationally and serves customers across Europe, North America, Asia and other global markets.

BMW develops, manufactures and sells premium automobiles under the BMW, MINI and Rolls-Royce brands. Its vehicle portfolio includes passenger cars, sport utility vehicles, electric vehicles and performance-oriented models.