Rheinmetall (OTCMKTS:RNMBY) Stock Price Down 4.9% on Analyst Downgrade

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) shares were down 4.9% on Thursday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $230.95 and last traded at $230.95. Approximately 17,868 shares changed hands during trading, a decline of 77% from the average session volume of 78,851 shares. The stock had previously closed at $242.90.

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

Rheinmetall Stock Performance

The firm has a market cap of $52.81 billion, a price-to-earnings ratio of 106.55 and a beta of 0.18. The stock has a 50-day moving average of $270.25 and a 200-day moving average of $341.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.04.

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.