Bayerische Motoren Werke (OTCMKTS:BAMXF) Sees Large Volume Increase – Here’s What Happened

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) saw an uptick in trading volume on Thursday. Approximately 2,758 shares changed hands during trading, an increase of 65% from the previous session’s volume of 1,671 shares. The stock last traded at $58.88 and had previously closed at $52.10.

Wall Street Analyst Weigh In

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 research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Bayerische Motoren Werke currently has a consensus rating of “Moderate Buy”.

Bayerische Motoren Werke Stock Performance

The company has a market cap of $32.91 billion, a price-to-earnings ratio of 4.68 and a beta of 0.70. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a fifty day simple moving average of $67.03 and a 200 day simple moving average of $76.33.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last released its earnings results 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 net margin of 4.92% and a return on equity of 6.50%. The firm had revenue of $35.70 billion during the quarter, compared to analyst estimates of $36.98 billion.

Bayerische Motoren Werke Company Profile

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.