Rheinmetall (OTCMKTS:RNMBY) Rating Lowered to Strong Sell at Zacks Research

Rheinmetall (OTCMKTS:RNMBY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research firms have also recently commented on RNMBY. Jefferies Financial Group restated a “buy” rating on shares of Rheinmetall in a research note on Monday, April 20th. Oddo Bhf raised shares of Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Citigroup upgraded shares of Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Finally, Santander upgraded shares of Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Eight analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Rheinmetall Stock Down 4.3%

RNMBY stock opened at $232.40 on Wednesday. The business’s 50-day moving average price is $271.93 and its 200-day moving average price is $342.07. The stock has a market cap of $54.08 billion, a P/E ratio of 109.11 and a beta of 0.18. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. Rheinmetall has a twelve month low of $211.20 and a twelve month high of $468.90.

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.