Bayerische Motoren Werke (OTCMKTS:BAMXF) Sees Strong Trading Volume – Here’s What Happened

Shares of Bayerische Motoren Werke AG (OTCMKTS:BAMXF) saw unusually-strong trading volume on Monday . Approximately 7,619 shares were traded during mid-day trading, an increase of 289% from the previous session’s volume of 1,959 shares.The stock last traded at $99.50 and had previously closed at $100.06.

Analysts Set New Price Targets

Separately, Barclays raised Bayerische Motoren Werke from a “strong sell” rating to a “hold” rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Bayerische Motoren Werke Stock Down 0.6%

The company has a market capitalization of $57.69 billion, a P/E ratio of 9.88 and a beta of 0.82. The firm’s 50 day moving average price is $100.08 and its two-hundred day moving average price is $90.92. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.72.

Bayerische Motoren Werke (OTCMKTS:BAMXF) last issued its quarterly 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). The business had revenue of $39.97 billion for the quarter, compared to the consensus estimate of $38.94 billion. Bayerische Motoren Werke had a return on equity of 6.07% and a net margin of 4.19%. Equities research analysts forecast 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.