Bayerische Motoren Werke (OTCMKTS:BAMXF) Stock Price Up 16.1% – Should You Buy?

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) shot up 16.1% during mid-day trading on Wednesday . The stock traded as high as $72.00 and last traded at $72.00. Approximately 595 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 1,156 shares. The stock had previously closed at $62.00.

Bayerische Motoren Werke Price Performance

The business has a 50-day simple moving average of $70.59 and a 200 day simple moving average of $86.74. The firm has a market cap of $41.75 billion, a P/E ratio of 5.94 and a beta of 0.64. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.17.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.24. Bayerische Motoren Werke had a return on equity of 6.51% and a net margin of 4.92%.The firm had revenue of $35.70 billion for the quarter, compared to analyst estimates of $36.98 billion.

Bayerische Motoren Werke Company Profile

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.