Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BMWYY) Shares Cross Below 50 Day Moving Average – What’s Next?

Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BMWYY)’s share price passed 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 trading hands.

Analysts Set New Price Targets

Separately, UBS Group upgraded Bayerische Motoren Werke Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Two 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Bayerische Motoren Werke Aktiengesellschaft Stock Up 4.6 %

The stock has a 50 day moving average price of $29.20 and a 200 day moving average price of $29.17. The stock has a market capitalization of $52.79 billion, a price-to-earnings ratio of 4.82 and a beta of 1.10. The company has a quick ratio of 0.80, a current ratio of 1.10 and a debt-to-equity ratio of 0.62.

About Bayerische Motoren Werke Aktiengesellschaft

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.