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

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY)’s stock price reached a new 52-week low on Wednesday. The stock traded as low as $208.8650 and last traded at $209.00, with a volume of 3726 shares trading hands. The stock had previously closed at $214.50.

Analyst Upgrades and Downgrades

RNMBY has been the subject of a number of research reports. Oddo Bhf upgraded shares of Rheinmetall to an “outperform” rating in a report on Monday, June 22nd. Zacks Research raised shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Finally, Royal Bank Of Canada started coverage on Rheinmetall in a research note on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Rheinmetall Stock Down 3.6%

The company has a market cap of $48.25 billion, a P/E ratio of 71.05 and a beta of 0.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.50. The stock has a fifty day moving average price of $249.39 and a two-hundred day moving average price of $274.73.

Rheinmetall Company Profile

Rheinmetall AG is a German defense technology company headquartered in Düsseldorf. Founded in 1889, the group develops and manufactures military equipment and systems for armed forces, government agencies and security organizations in Germany and international markets.

Its portfolio includes tracked and wheeled military vehicles, combat vehicles, artillery systems, weapons, ammunition and air-defense technology. Rheinmetall also provides military electronics, sensors, command-and-control systems, simulation and training solutions, as well as protection and reconnaissance technologies.

The company serves customers across Europe and other regions, including NATO member states and partner nations.