Rheinmetall (OTCMKTS:RNMBY) Reaches New 12-Month Low – What’s Next?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) reached a new 52-week low during trading on Wednesday . The stock traded as low as $214.17 and last traded at $215.68, with a volume of 18067 shares traded. The stock had previously closed at $266.30.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Citigroup raised Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Santander upgraded shares of Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Oddo Bhf raised shares of Rheinmetall to an “outperform” rating in a report on Monday. Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Finally, Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Rheinmetall Stock Down 20.3%

The firm has a market capitalization of $49.36 billion, a PE ratio of 99.59 and a beta of 0.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.04 and a quick ratio of 0.54. The company has a 50-day moving average price of $296.41 and a 200 day moving average price of $353.18.

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.