Rheinmetall (OTCMKTS:RNMBY) Reaches New 12-Month Low – What’s Next?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $214.17 and last traded at $215.68, with a volume of 18067 shares changing hands. The stock had previously closed at $266.30.

Analyst Ratings Changes

Several research firms have recently commented on RNMBY. Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rheinmetall in a research note on Monday, April 20th. Santander upgraded shares of Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Oddo Bhf raised shares of Rheinmetall to an “outperform” rating in a report on Monday. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Rheinmetall Price Performance

The firm has a market capitalization of $49.36 billion, a P/E ratio of 99.59 and a beta of 0.12. The firm has a 50 day moving average price of $296.41 and a 200-day moving average price of $353.18. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio 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.