Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Down 8.7% – Here’s Why

Bayerische Motoren Werke AG (OTCMKTS:BAMXF)’s stock price traded down 8.7% during mid-day trading on Tuesday. The company traded as low as $60.00 and last traded at $60.00. 488 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 1,879 shares. The stock had previously closed at $65.74.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Bayerische Motoren Werke Price Performance

The business’s 50-day moving average price is $65.06 and its 200 day moving average price is $80.40. The stock has a market capitalization of $34.79 billion, a PE ratio of 4.95 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.

Bayerische Motoren Werke Company Profile

Bayerische Motoren Werke AG, commonly known as BMW, is a German manufacturer of premium automobiles and motorcycles. Headquartered in Munich, Germany, the company operates through the BMW, MINI and Rolls-Royce automotive brands, as well as BMW Motorrad.

BMW’s product portfolio includes luxury and performance vehicles, sport utility vehicles, electric vehicles and motorcycles. The company also provides related mobility and financial services, including vehicle leasing, financing and fleet management through its financial-services operations.

Founded in 1916, BMW has developed into a global automotive group with manufacturing, sales and distribution activities across Europe, the Americas, Asia and other international markets.