Bayerische Motoren Werke (OTCMKTS:BAMXF) Shares Gap Down - Here's Why

Key Points

• Bayerische Motoren Werke AG's stock price fell from $103.86 to $98.55 at market opening, indicating a significant gap down.
• The company recently missed earnings expectations, reporting $3.23 EPS against an estimated $3.87, although it exceeded revenue estimates with $39.97 billion in sales.
• Barclays upgraded its rating from "strong sell" to "hold", contributing to an overall average rating of "Moderate Buy" among analysts.

Bayerische Motoren Werke AG (OTCMKTS:BAMXF - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $103.86, but opened at $98.55. Bayerische Motoren Werke shares last traded at $98.55, with a volume of 100 shares.

Wall Street Analyst Weigh In

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

Bayerische Motoren Werke Stock Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.88 and a current ratio of 1.18. The firm's fifty day moving average price is $99.07 and its 200 day moving average price is $90.01. The firm has a market cap of $57.26 billion, a P/E ratio of 9.81 and a beta of 0.82.

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). The business had revenue of $39.97 billion during the quarter, compared to analyst estimates of $38.94 billion. Bayerische Motoren Werke had a net margin of 4.19% and a return on equity of 6.07%. 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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