Bayerische Motoren Werke (OTCMKTS:BAMXF) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Bayerische Motoren Werke AG (OTCMKTS:BAMXF)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $83.74 and traded as high as $93.36. Bayerische Motoren Werke shares last traded at $93.00, with a volume of 1,206 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BAMXF. Barclays lowered Bayerische Motoren Werke from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 27th. Hsbc Global Res downgraded Bayerische Motoren Werke from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 20th. Finally, Dbs Bank cut Bayerische Motoren Werke from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

Bayerische Motoren Werke Price Performance

The company has a market capitalization of $53.92 billion, a price-to-earnings ratio of 8.22 and a beta of 0.80. The company has a fifty day simple moving average of $87.03 and a two-hundred day simple moving average of $83.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.88 and a current ratio of 1.18.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last released its earnings results on Wednesday, May 7th. The company reported $3.56 earnings per share 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 analysts’ expectations of $40.93 billion. Bayerische Motoren Werke had a return on equity of 6.91% and a net margin of 4.70%. As a group, research analysts anticipate that Bayerische Motoren Werke AG will post 13.38 earnings per share for the current year.

About Bayerische Motoren Werke

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.