Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY – Get 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%
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.
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