Rheinmetall (OTCMKTS:RNMBY) Shares Gap Down – Time to Sell?

Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) gapped down before the market opened on Monday. The stock had previously closed at $245.74, but opened at $230.74. Rheinmetall shares last traded at $236.5790, with a volume of 6,585 shares.

Wall Street Analyst Weigh In

Several analysts have weighed in on RNMBY shares. Zacks Research raised Rheinmetall from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Royal Bank Of Canada assumed coverage on shares of Rheinmetall in a research report on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Berenberg Bank lowered shares of Rheinmetall from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Finally, Oddo Bhf upgraded shares of Rheinmetall to an “outperform” rating in a research report on Monday, June 22nd. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Rheinmetall Stock Down 4.1%

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.50. The company has a market capitalization of $54.99 billion, a price-to-earnings ratio of 80.98 and a beta of 0.18. The firm has a 50-day moving average price of $241.33 and a two-hundred day moving average price of $268.08.

Rheinmetall Company Profile

Rheinmetall AG (OTCMKTS: RNMBY) is a Germany-based defense technology company that develops and manufactures military equipment, weapons systems and related technologies. Its products include armored vehicles, military trucks, artillery systems, air-defense solutions, ammunition, sensors, electronic systems and military communications technologies.

The company serves armed forces and government customers in Germany and other European countries, as well as international markets. Rheinmetall provides complete defense solutions that can include vehicles, weapon stations, ammunition, command-and-control systems, training and simulation services, and maintenance and support.