Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BMWYY) Stock Price Up 4.6% – Here’s Why

Shares of Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BMWYY) shot up 4.6% on Friday . The stock traded as high as $29.28 and last traded at $29.20. 166,100 shares were traded during mid-day trading, an increase of 63% from the average session volume of 102,201 shares. The stock had previously closed at $27.92.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. HSBC downgraded Bayerische Motoren Werke Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Barclays downgraded shares of Bayerische Motoren Werke Aktiengesellschaft from an “equal weight” rating to an “underweight” rating in a research report on Thursday, March 27th.

Bayerische Motoren Werke Aktiengesellschaft Price Performance

The firm has a 50-day simple moving average of $29.20 and a 200-day simple moving average of $29.20. The firm has a market cap of $52.79 billion, a P/E ratio of 4.82 and a beta of 1.10. The company has a current ratio of 1.10, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62.

About Bayerische Motoren Werke Aktiengesellschaft

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, engages in the development, manufacture, and sale of automobiles and motorcycles, and spare parts and accessories worldwide. It operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment engages in the development, manufacture, assembling, and sale of automobiles, spare parts, accessories, and mobility services under the BMW, MINI, and Rolls-Royce brands.