Rheinmetall (ETR:RHM) Stock Price Breaks Above 50 Day Moving Average – Here’s Why

Shares of Rheinmetall AG (ETR:RHM – Get Free Report) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of €1,027.16 and traded as high as €1,060.40. Rheinmetall shares last traded at €1,048.20, with a volume of 165,837 shares.

Rheinmetall Price Performance

The company has a fifty day simple moving average of €1,027.16 and a 200-day simple moving average of €1,290.07. The company has a debt-to-equity ratio of 59.91, a current ratio of 1.00 and a quick ratio of 0.57. The company has a market cap of $46.60 billion, a P/E ratio of 66.39, a PEG ratio of 0.39 and a beta of 0.43.

About Rheinmetall

(Get Free Report)

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.

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