Rheinmetall (OTCMKTS:RNMBY) Shares Down 3.6% – Here’s Why

Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBYGet Free Report) were down 3.6% during mid-day trading on Tuesday . The company traded as low as $248.27 and last traded at $248.88. Approximately 54,071 shares changed hands during trading, an increase of 10% from the average session volume of 49,076 shares. The stock had previously closed at $258.24.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RNMBY shares. Royal Bank Of Canada started coverage on shares of Rheinmetall in a research report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Citigroup upgraded shares of Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Oddo Bhf raised shares of Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Santander upgraded Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Finally, Zacks Research cut Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Read Our Latest Stock Report on Rheinmetall

Rheinmetall Trading Down 3.6%

The stock has a market cap of $58.07 billion, a price-to-earnings ratio of 85.53 and a beta of 0.17. 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 business has a 50-day moving average of $250.59 and a 200-day moving average of $301.50.

Rheinmetall Company Profile

(Get Free Report)

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.

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