Bayerische Motoren Werke (OTCMKTS:BAMXF) Hits New 52-Week High - Time to Buy?

Key Points

• Bayerische Motoren Werke AG shares reached a new 52-week high at $104.50, showing strong trading activity with a volume of 521 shares.
• Barclays upgraded the stock's rating from "strong sell" to "hold," indicating a shift in analyst sentiment towards the company's performance.
• The company reported earnings per share of $3.23, missing estimates of $3.87, although it achieved revenue of $39.97 billion, exceeding expectations.

Bayerische Motoren Werke AG (OTCMKTS:BAMXF - Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $104.50 and last traded at $104.50, with a volume of 521 shares traded. The stock had previously closed at $103.49.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of Bayerische Motoren Werke from a "strong sell" rating to a "hold" rating in a research report on Friday, July 11th.

Bayerische Motoren Werke Price Performance

The stock has a market capitalization of $60.59 billion, a P/E ratio of 10.38 and a beta of 0.82. The company has a fifty day simple moving average of $93.25 and a two-hundred day simple moving average of $87.39. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.72.

Bayerische Motoren Werke (OTCMKTS:BAMXF - Get Free Report) last released its quarterly 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). Bayerische Motoren Werke had a return on equity of 6.07% and a net margin of 4.19%. The firm had revenue of $39.97 billion for the quarter, compared to analyst estimates of $38.94 billion. Sell-side analysts expect that Bayerische Motoren Werke AG will post 13.38 EPS for the current fiscal year.

Bayerische Motoren Werke Company Profile

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.

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