Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY – Get Free Report) shares gapped down prior to trading on Monday. The stock had previously closed at $245.74, but opened at $230.74. Rheinmetall shares last traded at $236.5790, with a volume of 6,585 shares changing hands.
Analyst Ratings Changes
A number of brokerages recently commented on RNMBY. Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Berenberg Bank downgraded shares of Rheinmetall from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Royal Bank Of Canada initiated coverage on shares of Rheinmetall in a report on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Finally, Oddo Bhf raised shares of Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on RNMBY
Rheinmetall Stock Down 4.1%
The firm has a market capitalization of $54.99 billion, a price-to-earnings ratio of 80.98 and a beta of 0.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.50. The business has a 50 day moving average of $241.33 and a 200 day moving average of $268.08.
Rheinmetall Company Profile
Rheinmetall AG (OTCMKTS: RNMBY) is a Germany-based defense technology company that develops and manufactures military equipment, weapons systems and related technologies. Its products include armored vehicles, military trucks, artillery systems, air-defense solutions, ammunition, sensors, electronic systems and military communications technologies.
The company serves armed forces and government customers in Germany and other European countries, as well as international markets. Rheinmetall provides complete defense solutions that can include vehicles, weapon stations, ammunition, command-and-control systems, training and simulation services, and maintenance and support.
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