Bayerische Motoren Werke (OTCMKTS:BAMXF) Sets New 12-Month High - Here's What Happened

Key Points

• Bayerische Motoren Werke AG reached a new 12-month high, trading at $106.87, with a trading volume of 369 shares on the day.
• Barclays upgraded the stock from a "strong sell" to a "hold" rating, contributing to a current consensus rating of "Moderate Buy".
• In its latest earnings report, the company announced $3.23 earnings per share, falling short of estimates, despite achieving $39.97 billion in revenue.

Bayerische Motoren Werke AG (OTCMKTS:BAMXF - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $106.87 and last traded at $106.87, with a volume of 369 shares traded. The stock had previously closed at $104.63.

Analyst Ratings Changes

Separately, Barclays upgraded shares of Bayerische Motoren Werke from a "strong sell" rating to a "hold" rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Bayerische Motoren Werke Stock Performance

The firm has a market capitalization of $62.01 billion, a PE ratio of 10.62 and a beta of 0.82. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.72. The business's 50 day simple moving average is $97.45 and its two-hundred day simple moving average is $89.50.

Bayerische Motoren Werke (OTCMKTS:BAMXF - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $3.23 earnings per share for the quarter, missing analysts' consensus estimates of $3.87 by ($0.64). The company had revenue of $39.97 billion for the quarter, compared to analysts' expectations of $38.94 billion. Bayerische Motoren Werke had a net margin of 4.19% and a return on equity of 6.07%. Research analysts expect that Bayerische Motoren Werke AG will post 13.38 earnings per share for the current fiscal 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.