Rheinmetall (OTCMKTS:RNMBY) Shares Gap Down – Should You Sell?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $285.08, but opened at $275.21. Rheinmetall shares last traded at $273.8950, with a volume of 4,278 shares trading hands.

Analyst Ratings Changes

A number of research firms recently commented on RNMBY. Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Santander raised shares of Rheinmetall to an “outperform” rating in a research report on Monday, May 4th. Finally, Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Rheinmetall Price Performance

The stock has a market cap of $64.82 billion, a price-to-earnings ratio of 130.77 and a beta of 0.12. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $310.83 and its two-hundred day moving average price is $357.25.

About Rheinmetall

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.