Bayerische Motoren Werke (OTCMKTS:BAMXF) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• Bayerische Motoren Werke AG's share price crossed above its 200-day moving average of $90.44, reaching a high of $96.45 during trading on Monday.
• Barclays upgraded the company’s stock from a "strong sell" to a "hold" rating, while one analyst rates it as a Strong Buy, contributing to an overall rating of "Moderate Buy."
• For the recent quarter, Bayerische Motoren Werke reported an EPS of $3.23, missing estimates by $0.64, despite a revenue of $39.97 billion exceeding expectations.

Bayerische Motoren Werke AG (OTCMKTS:BAMXF - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $90.44 and traded as high as $96.45. Bayerische Motoren Werke shares last traded at $96.45, with a volume of 234 shares changing hands.

Analysts Set New Price Targets

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

Bayerische Motoren Werke Stock Performance

The company has a market capitalization of $56.82 billion, a P/E ratio of 9.73 and a beta of 0.82. The business has a 50-day moving average of $99.92 and a 200-day moving average of $90.59. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.18 and a quick ratio of 0.88.

Bayerische Motoren Werke (OTCMKTS:BAMXF - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $3.23 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $39.97 billion for the quarter, compared to the consensus estimate of $38.94 billion. On average, sell-side analysts anticipate that Bayerische Motoren Werke AG will post 13.38 EPS for the current 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.