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

Key Points

• Bayerische Motoren Werke AG's stock price surpassed its 200-day moving average during trading, reaching a high of $102.52, up from an average of $91.37.
• Barclays has upgraded the stock from a "strong sell" to a "hold" rating, contributing to a consensus rating of "Moderate Buy" from analysts.
• The company reported an earnings per share (EPS) of $3.23 for the last quarter, which was below analysts' expectations of $3.87, despite revenue surpassing forecasts.

Bayerische Motoren Werke AG (OTCMKTS:BAMXF - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $91.37 and traded as high as $102.52. Bayerische Motoren Werke shares last traded at $102.52, with a volume of 462 shares traded.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Bayerische Motoren Werke Stock Performance

The company has a market capitalization of $59.44 billion, a PE ratio of 10.18 and a beta of 0.83. The stock's fifty day simple moving average is $100.15 and its 200-day simple moving average is $91.37. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.88 and a current ratio of 1.18.

Bayerische Motoren Werke (OTCMKTS:BAMXF - Get Free Report) last issued its quarterly 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 firm had revenue of $39.97 billion for the quarter, compared to analysts' expectations of $38.94 billion. Bayerische Motoren Werke had a return on equity of 6.07% and a net margin of 4.19%. As a group, equities analysts predict that Bayerische Motoren Werke AG will post 13.38 earnings per share for the current 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.

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