Rheinmetall (OTCMKTS:RNMBY) Shares Down 5.6% – Should You Sell?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was down 5.6% on Friday . The stock traded as low as $306.69 and last traded at $309.77. Approximately 65,229 shares changed hands during trading, a decline of 1% from the average daily volume of 65,984 shares. The stock had previously closed at $328.20.

Analysts Set New Price Targets

Several research firms have weighed in on RNMBY. Zacks Research downgraded Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rheinmetall in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rheinmetall currently has a consensus rating of “Moderate Buy”.

Rheinmetall Trading Down 4.5%

The stock has a market cap of $72.73 billion, a PE ratio of 169.46 and a beta of 0.25. The business has a 50-day moving average of $364.02 and a 200 day moving average of $384.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 1.20.

About Rheinmetall

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.