Rheinmetall (OTCMKTS:RNMBY) Reaches New 1-Year Low – Here’s Why

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) shares reached a new 52-week low on Saturday . The company traded as low as $284.32 and last traded at $284.75, with a volume of 419157 shares. The stock had previously closed at $315.60.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RNMBY shares. Zacks Research downgraded shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Santander upgraded shares of Rheinmetall to an “outperform” rating in a research report on Monday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Rheinmetall Stock Performance

The firm has a fifty day simple moving average of $351.70 and a 200-day simple moving average of $378.28. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The stock has a market cap of $66.11 billion, a price-to-earnings ratio of 153.92 and a beta of 0.16.

Rheinmetall (OTCMKTS:RNMBY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.06. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.58 billion. Rheinmetall had a return on equity of 21.40% and a net margin of 7.08%. Analysts forecast that Rheinmetall AG Unsponsored ADR will post 8.59 EPS for the current fiscal year.

Rheinmetall Company Profile

Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.

The Defense division develops and produces a broad portfolio of products and services for armed forces.