Bayerische Motoren Werke (OTCMKTS:BAMXF) Stock Falls 8.7% – Here’s Why

Bayerische Motoren Werke AG (OTCMKTS:BAMXF)’s share price fell 8.7% on Tuesday. The company traded as low as $60.00 and last traded at $60.00. Approximately 488 shares traded hands 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.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of Bayerische Motoren Werke from a “hold” rating to a “strong-buy” rating in a research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Bayerische Motoren Werke Stock Up 0.8%

The firm has a market capitalization of $38.87 billion, a price-to-earnings ratio of 5.66 and a beta of 0.71. The business has a 50 day moving average of $64.86 and a 200 day moving average of $79.81. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.15 and a quick ratio of 0.86.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.72. Bayerische Motoren Werke had a net margin of 4.83% and a return on equity of 6.23%. The firm had revenue of $34.50 billion for the quarter, compared to analyst estimates of $34.65 billion.

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.