Rheinmetall (OTCMKTS:RNMBY) Sets New 1-Year Low Following Analyst Downgrade

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) shares hit a new 52-week low on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock traded as low as $178.2614 and last traded at $178.33, with a volume of 6,811 shares. The stock had previously closed at $191.95.

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

Rheinmetall Trading Down 4.1%

The firm’s fifty day simple moving average is $221.67 and its 200-day simple moving average is $287.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.50.

Rheinmetall (OTCMKTS:RNMBY) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.22). Rheinmetall had a return on equity of 23.98% and a net margin of 7.51%. The business had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.60 billion. On average, equities analysts predict that Rheinmetall AG Unsponsored ADR will post 7.52 EPS for the current fiscal year.

Rheinmetall Company Profile

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.