Rheinmetall (OTCMKTS:RNMBY) Lowered to Strong Sell Rating by Zacks Research

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

A number of other brokerages also recently issued reports on RNMBY. Santander raised Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Oddo Bhf upgraded shares of Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Jefferies Financial Group restated a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Finally, Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rheinmetall presently has an average rating of “Moderate Buy”.

Rheinmetall Stock Performance

Shares of RNMBY opened at $232.40 on Wednesday. The business’s fifty day simple moving average is $271.93 and its two-hundred day simple moving average is $342.07. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. Rheinmetall has a 12 month low of $211.20 and a 12 month high of $468.90. The company has a market cap of $54.08 billion, a price-to-earnings ratio of 109.11 and a beta of 0.18.

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.