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

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBYGet Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $253.99, but opened at $241.10. Rheinmetall shares last traded at $242.96, with a volume of 13,048 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Oddo Bhf upgraded Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Santander raised shares of Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Check Out Our Latest Analysis on RNMBY

Rheinmetall Stock Performance

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 stock has a market capitalization of $56.24 billion, a price-to-earnings ratio of 113.47 and a beta of 0.18. The firm’s fifty day moving average price is $275.00 and its 200 day moving average price is $343.83.

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.

Recommended Stories

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.