Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Down – Time to Sell?

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) gapped down prior to trading on Friday. The stock had previously closed at $59.75, but opened at $57.14. Bayerische Motoren Werke shares last traded at $57.14, with a volume of 2,634 shares changing hands.

Analysts Set New Price Targets

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

Bayerische Motoren Werke Stock Down 2.4%

The firm has a 50-day moving average of $67.22 and a two-hundred day moving average of $76.47. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $33.13 billion, a PE ratio of 4.71 and a beta of 0.70.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last posted its earnings results on Thursday, July 30th. The company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.24. The company 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.