Rheinmetall (OTCMKTS:RNMBY) Shares Gap Down After Analyst Downgrade

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) shares gapped down before the market opened on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock had previously closed at $253.99, but opened at $241.10. Rheinmetall shares last traded at $242.96, with a volume of 13,048 shares changing hands.

A number of other brokerages have also weighed in on RNMBY. Oddo Bhf raised Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Santander raised Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Jefferies Financial Group reiterated 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, the stock currently has a consensus rating of “Moderate Buy”.

Rheinmetall Trading Down 4.3%

The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average is $271.93 and its 200 day moving average is $342.07. The company has a market cap of $54.08 billion, a price-to-earnings ratio of 109.11 and a beta of 0.18.

Rheinmetall Company Profile

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.