Rheinmetall (ETR:RHM) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Rheinmetall AG (ETR:RHM) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of €1,718.79 and traded as low as €1,560.00. Rheinmetall shares last traded at €1,638.50, with a volume of 217,832 shares.

Rheinmetall Trading Up 2.9%

The company has a debt-to-equity ratio of 52.01, a quick ratio of 0.57 and a current ratio of 1.14. The company has a 50-day simple moving average of €1,718.91 and a 200 day simple moving average of €1,719.66. The company has a market capitalization of $71.52 billion, a P/E ratio of 125.88, a P/E/G ratio of 0.39 and a beta of 0.35.

About Rheinmetall

Rheinmetall AG provides mobility and security technologies worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems segment offers combat, logistics, support, and special vehicles, including armored tracked vehicles, CBRN protection systems, artillery, turret systems, and wheeled logistics and tactical vehicles. The Weapon and Ammunition segment provides firepower and protection solutions, such as weapons and munition, protection systems, propellants and international projects and services.