Bayerische Motoren Werke Aktiengesellschaft (ETR:BMW) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• Bayerische Motoren Werke Aktiengesellschaft (ETR:BMW) shares have recently surpassed their 200 day moving average, indicating a potential upward momentum in the stock price.
• The stock last traded at €84.82 ($98.63), having reached a high of €85.86 ($99.84) during trading, with a volume of over 1.6 million shares.
• The company has a market capitalization of $55.97 billion and exhibits a P/E ratio of 6.64, which may suggest attractive valuation compared to its earnings.

Bayerische Motoren Werke Aktiengesellschaft (ETR:BMW - ) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of €79.84 ($92.84) and traded as high as €85.86 ($99.84). Bayerische Motoren Werke Aktiengesellschaft shares last traded at €84.82 ($98.63), with a volume of 1,600,210 shares.

Bayerische Motoren Werke Aktiengesellschaft Price Performance

The company has a quick ratio of 0.71, a current ratio of 1.10 and a debt-to-equity ratio of 117.76. The company has a market cap of $55.97 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 18.24 and a beta of 1.08. The company has a fifty day moving average of €86.53 and a 200 day moving average of €79.84.

Bayerische Motoren Werke Aktiengesellschaft Company Profile

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, 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.

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