Rheinmetall (OTCMKTS:RNMBY) Shares Gap Up – Should You Buy?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $336.01, but opened at $359.98. Rheinmetall shares last traded at $363.4425, with a volume of 14,544 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on RNMBY shares. Zacks Research lowered shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a report on Friday, January 30th. Finally, Sanford C. Bernstein raised shares of Rheinmetall from a “hold” rating to an “outperform” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rheinmetall currently has a consensus rating of “Moderate Buy”.

Rheinmetall Price Performance

The business has a 50-day moving average price of $383.39 and a two-hundred day moving average price of $396.63. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $85.32 billion, a price-to-earnings ratio of 145.95 and a beta of 0.12.

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.