Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Down – Here’s Why

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $72.00, but opened at $69.02. Bayerische Motoren Werke shares last traded at $69.02, with a volume of 275 shares.

Bayerische Motoren Werke Stock Down 6.7%

The firm’s 50-day moving average price is $69.23 and its 200 day moving average price is $85.75. The firm has a market capitalization of $37.34 billion, a price-to-earnings ratio of 5.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.17 and a quick ratio of 0.89.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.24. The firm had revenue of $35.70 billion during the quarter, compared to the consensus estimate of $36.98 billion. Bayerische Motoren Werke had a return on equity of 6.51% and a net margin of 4.92%.

About Bayerische Motoren Werke

Bayerische Motoren Werke AG (BMW) is a German multinational manufacturer of premium automobiles and motorcycles. Headquartered in Munich, the company designs, manufactures and sells a broad range of passenger vehicles under the BMW brand, as well as the MINI and Rolls‑Royce marques. BMW’s product portfolio covers luxury sedans and coupes, SUVs and crossovers (the X series), sports cars, high‑performance M models, motorcycles through BMW Motorrad, and an expanding range of electrified powertrains including battery-electric and plug‑in hybrid variants.

Founded in 1916, BMW began as an engine manufacturer and over the course of the 20th century diversified into motorcycle and automobile production, building a reputation for engineering and driving dynamics.