Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BMWYY) Stock Crosses Below 50 Day Moving Average – Here’s Why

Shares of Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BMWYY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $29.20 and traded as low as $29.01. Bayerische Motoren Werke Aktiengesellschaft shares last traded at $29.20, with a volume of 166,100 shares traded.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised Bayerische Motoren Werke Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Bayerische Motoren Werke Aktiengesellschaft currently has a consensus rating of “Moderate Buy”.

Bayerische Motoren Werke Aktiengesellschaft Stock Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.10. The firm’s fifty day moving average price is $29.20 and its 200 day moving average price is $29.17. The firm has a market cap of $52.79 billion, a P/E ratio of 4.82 and a beta of 1.10.

Bayerische Motoren Werke Aktiengesellschaft Company Profile

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, 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.