Rheinmetall (OTCMKTS:RNMBY) Shares Down 3.6% – Here’s Why

Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBYGet Free Report) were down 3.6% on Tuesday . The company traded as low as $248.27 and last traded at $248.88. Approximately 54,071 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 49,076 shares. The stock had previously closed at $258.24.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Oddo Bhf raised Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Citigroup raised Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Royal Bank Of Canada initiated coverage on Rheinmetall in a report on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Finally, Zacks Research upgraded Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Rheinmetall has an average rating of “Moderate Buy”.

Check Out Our Latest Report on RNMBY

Rheinmetall Stock Down 1.6%

The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average price is $251.34 and its 200-day moving average price is $300.64. The company has a market cap of $58.09 billion, a price-to-earnings ratio of 85.56 and a beta of 0.17.

About Rheinmetall

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Rheinmetall Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rheinmetall and related companies with MarketBeat.com's FREE daily email newsletter.