Rheinmetall (OTCMKTS:RNMBY) Stock Price Down 3.6% – What’s Next?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBYGet Free Report)’s stock price was down 3.6% during mid-day trading on Tuesday . The stock traded as low as $248.27 and last traded at $248.88. Approximately 54,071 shares traded 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RNMBY shares. Oddo Bhf upgraded shares of Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Royal Bank Of Canada initiated coverage on shares of Rheinmetall in a research note on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Zacks Research downgraded shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Santander raised shares of Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Finally, Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

View Our Latest Report on RNMBY

Rheinmetall Stock Down 3.6%

The company has a market capitalization of $58.07 billion, a price-to-earnings ratio of 85.53 and a beta of 0.17. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $250.59 and a 200-day moving average price of $301.50.

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.

See Also

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.