Rheinmetall (OTCMKTS:RNMBY – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.77 EPS for the quarter, Zacks reports.
Rheinmetall Price Performance
OTCMKTS RNMBY traded up $1.36 during trading hours on Thursday, hitting $394.36. The company’s stock had a trading volume of 53,647 shares, compared to its average volume of 91,685. The company’s 50 day simple moving average is $427.04 and its two-hundred day simple moving average is $404.59. Rheinmetall has a 12 month low of $113.70 and a 12 month high of $468.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.15 and a quick ratio of 0.47.
Analysts Set New Price Targets
Several research analysts have recently issued reports on RNMBY shares. The Goldman Sachs Group assumed coverage on shares of Rheinmetall in a report on Friday, September 19th. They issued a “buy” rating on the stock. Sanford C. Bernstein started coverage on Rheinmetall in a research report on Friday, September 26th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rheinmetall in a research report on Wednesday, October 15th. Finally, Barclays began coverage on Rheinmetall in a research report on Monday, September 8th. They issued an “overweight” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Rheinmetall has a consensus rating of “Buy”.
About Rheinmetall
Rheinmetall AG provides mobility and security technologies worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems segment offers combat, logistics, support, and special vehicles, including armored tracked vehicles, CBRN protection systems, artillery, turret systems, and wheeled logistics and tactical vehicles.
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