Rheinmetall (OTCMKTS:RNMBY) Stock Rating Cut to “Strong Sell” at Zacks Research

Rheinmetall (OTCMKTS:RNMBY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks reports.

Several other equities analysts have also issued reports on the stock. Berenberg Bank lowered shares of Rheinmetall from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Royal Bank Of Canada assumed coverage on shares of Rheinmetall in a research report on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Finally, Sanford C. Bernstein downgraded Rheinmetall from a “strong-buy” rating to a “hold” rating in a report on Friday, November 6th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Rheinmetall has an average rating of “Moderate Buy”.

Rheinmetall Stock Performance

Rheinmetall stock opened at $178.18 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.50 and a current ratio of 1.00. Rheinmetall has a 52-week low of $175.58 and a 52-week high of $450.00. The firm has a 50 day moving average price of $223.32 and a two-hundred day moving average price of $288.63.

Rheinmetall (OTCMKTS:RNMBY) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.22). Rheinmetall had a net margin of 7.51% and a return on equity of 23.98%. The firm had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.60 billion. As a group, equities research analysts forecast that Rheinmetall will post 7.52 EPS for the current year.

About Rheinmetall

Rheinmetall AG is a German technology group focused on defense and mobility. Its defense business develops and supplies military vehicles, weapons, ammunition, air-defense systems, sensors and electronic solutions for armed forces and government customers. The company also has a Power Systems business serving the automotive and industrial sectors. Its products include components and systems for vehicles and other applications, alongside technologies related to electrification and energy efficiency.