Rheinmetall (OTCMKTS:RNMBY) Shares Gap Down – Here’s What Happened

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $315.60, but opened at $291.98. Rheinmetall shares last traded at $291.00, with a volume of 14,077 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RNMBY. Zacks Research downgraded shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Finally, Santander raised shares of Rheinmetall to an “outperform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Rheinmetall Stock Down 9.5%

The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $351.70 and its 200-day simple moving average is $378.28. The firm has a market capitalization of $66.32 billion, a P/E ratio of 154.41 and a beta of 0.16.

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.