Rheinmetall (OTCMKTS:RNMBY) Shares Gap Down After Analyst Downgrade

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) gapped down before the market opened on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock had previously closed at $253.99, but opened at $241.10. Rheinmetall shares last traded at $242.96, with a volume of 13,048 shares trading hands.

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

Rheinmetall Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.04 and a quick ratio of 0.54. The stock has a market cap of $54.08 billion, a PE ratio of 109.11 and a beta of 0.18. The business has a 50 day moving average price of $271.93 and a two-hundred day moving average price of $342.07.

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.