Rheinmetall (OTCMKTS:RNMBY) Stock Price Down 4.9% on Analyst Downgrade

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBYGet Free Report) shares dropped 4.9% during mid-day trading on Thursday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $230.95 and last traded at $230.95. 17,868 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 78,851 shares. The stock had previously closed at $242.90.

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

View Our Latest Research Report on RNMBY

Rheinmetall Stock Down 2.3%

The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $270.25 and a 200 day simple moving average of $341.27. The company has a market cap of $52.81 billion, a P/E ratio of 106.55 and a beta of 0.18.

About Rheinmetall

(Get Free Report)

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.

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