Bayerische Motoren Werke (OTCMKTS:BAMXF) Stock Price Down 5.4% – Here’s Why

Shares of Bayerische Motoren Werke AG (OTCMKTS:BAMXF) dropped 5.4% during mid-day trading on Thursday . The stock traded as low as $66.25 and last traded at $66.25. Approximately 180 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 1,305 shares. The stock had previously closed at $70.00.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BAMXF shares. Berenberg Bank downgraded Bayerische Motoren Werke from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 17th. Dbs Bank raised shares of Bayerische Motoren Werke from a “moderate sell” rating to a “hold” rating in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Bayerische Motoren Werke currently has an average rating of “Hold”.

Bayerische Motoren Werke Stock Performance

The stock has a market capitalization of $38.56 billion, a PE ratio of 5.13 and a beta of 0.63. 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 stock has a fifty day moving average of $79.90 and a 200-day moving average of $92.32.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $3.14 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.37. The company 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.