Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BAMXF) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BAMXF) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $83.32 and traded as high as $86.13. Bayerische Motoren Werke Aktiengesellschaft shares last traded at $86.13, with a volume of 1,190 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barclays cut shares of Bayerische Motoren Werke Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 27th. Dbs Bank cut Bayerische Motoren Werke Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 19th. Finally, Hsbc Global Res downgraded Bayerische Motoren Werke Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 20th.

Bayerische Motoren Werke Aktiengesellschaft Trading Down 5.5%

The company has a market cap of $49.93 billion, a P/E ratio of 6.14 and a beta of 0.82. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average price of $85.16 and a 200-day moving average price of $83.32.

Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BAMXF) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.66 by ($0.10). The business had revenue of $36.43 billion for the quarter, compared to analyst estimates of $40.93 billion. Bayerische Motoren Werke Aktiengesellschaft had a net margin of 5.48% and a return on equity of 8.67%. Analysts forecast that Bayerische Motoren Werke Aktiengesellschaft will post 13.38 earnings per share for the current fiscal year.

Bayerische Motoren Werke Aktiengesellschaft Company Profile

Bayerische Motoren Werke Aktiengesellschaft 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.