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Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Bayerische Motoren Werke logo with Auto/Tires/Trucks background

Key Points

  • Bayerische Motoren Werke AG's share price has exceeded its 200-day moving average, currently trading at $99.00, above the average of $87.28.
  • Barclays has upgraded the company's stock rating from "strong sell" to "hold", indicating a positive shift in analysts' outlook.
  • The company reported a missed earnings estimate of $3.23 per share compared to the consensus of $3.87, despite achieving revenue of $39.97 billion exceeding expectations.
  • Looking to export and analyze Bayerische Motoren Werke data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Bayerische Motoren Werke AG (OTCMKTS:BAMXF - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $87.28 and traded as high as $99.00. Bayerische Motoren Werke shares last traded at $99.00, with a volume of 140 shares trading hands.

Analysts Set New Price Targets

Separately, Barclays upgraded Bayerische Motoren Werke from a "strong sell" rating to a "hold" rating in a research note on Friday, July 11th.

View Our Latest Analysis on BAMXF

Bayerische Motoren Werke Price Performance

The firm has a market cap of $60.38 billion, a PE ratio of 10.34 and a beta of 0.82. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average price of $93.89 and a two-hundred day moving average price of $87.69.

Bayerische Motoren Werke (OTCMKTS:BAMXF - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $3.23 EPS 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. As a group, equities analysts expect that Bayerische Motoren Werke AG will post 13.38 earnings per share for the current year.

Bayerische Motoren Werke Company Profile

(Get Free Report)

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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