Rheinmetall (OTCMKTS:RNMBY) Trading Down 4.9% – Here’s Why

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) shares fell 4.9% during mid-day trading on Thursday . The stock traded as low as $230.95 and last traded at $230.95. 17,868 shares traded hands during trading, a decline of 77% from the average daily volume of 78,851 shares. The stock had previously closed at $242.90.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Oddo Bhf upgraded shares of Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Citigroup upgraded Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Finally, Santander raised Rheinmetall to an “outperform” rating in a research report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Rheinmetall has an average rating of “Moderate Buy”.

Rheinmetall Price Performance

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 stock’s 50 day moving average price is $273.54 and its two-hundred day moving average price is $343.00. The stock has a market cap of $54.08 billion, a price-to-earnings ratio of 109.10 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.