Rheinmetall (OTCMKTS:RNMBY) Hits New 12-Month Low – Time to Sell?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) shares reached a new 52-week low on Wednesday. The company traded as low as $178.2614 and last traded at $178.33, with a volume of 6,811 shares traded. The stock had previously closed at $191.95.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RNMBY shares. Royal Bank Of Canada began coverage on shares of Rheinmetall in a research report on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Zacks Research raised Rheinmetall from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Berenberg Bank lowered Rheinmetall from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Finally, Sanford C. Bernstein downgraded Rheinmetall from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 6th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Rheinmetall Stock Down 7.2%

The company has a current ratio of 1.00, a quick ratio of 0.50 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $41.55 billion, a PE ratio of 61.20 and a beta of 0.21. The stock’s fifty day simple moving average is $224.73 and its 200-day simple moving average is $289.91.

Rheinmetall (OTCMKTS:RNMBY) last announced its earnings results on Thursday, November 5th. The company reported $1.38 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.22). The firm had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.60 billion. Rheinmetall had a net margin of 7.51% and a return on equity of 23.98%. As a group, sell-side analysts forecast that Rheinmetall AG Unsponsored ADR will post 8.35 EPS for the current fiscal year.

Rheinmetall Company Profile

Rheinmetall AG is a German technology group focused on defense and mobility. Its defense business develops and supplies military vehicles, weapons, ammunition, air-defense systems, sensors and electronic solutions for armed forces and government customers. The company also has a Power Systems business serving the automotive and industrial sectors. Its products include components and systems for vehicles and other applications, alongside technologies related to electrification and energy efficiency.