Bayerische Motoren Werke (OTCMKTS:BAMXF) Sets New 1-Year Low – Here’s What Happened

Bayerische Motoren Werke AG (OTCMKTS:BAMXF) reached a new 52-week low on Tuesday. The stock traded as low as $60.00 and last traded at $64.5580, with a volume of 2795 shares changing hands. The stock had previously closed at $65.80.

Analyst Ratings Changes

Separately, Berenberg Bank raised shares of Bayerische Motoren Werke from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 16th. Two investment 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Bayerische Motoren Werke Stock Performance

The company has a market capitalization of $38.27 billion, a PE ratio of 5.45 and a beta of 0.65. The company has a fifty day simple moving average of $67.53 and a 200-day simple moving average of $77.71. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $36.98 billion.

About Bayerische Motoren Werke

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.