Rheinmetall (OTCMKTS:RNMBY) Hits New 1-Year Low – Here’s Why

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $178.2614 and last traded at $178.33, with a volume of 6,811 shares traded. The stock had previously closed at $191.95.

Analyst Ratings Changes

Several analysts have commented on the stock. Berenberg Bank lowered shares of Rheinmetall from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Sanford C. Bernstein downgraded shares of Rheinmetall from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 6th. Zacks Research upgraded shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, Royal Bank Of Canada started coverage on Rheinmetall in a research report on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Rheinmetall currently has an average rating of “Moderate Buy”.

Rheinmetall Stock Down 7.2%

The company has a quick ratio of 0.50, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. The company has a market cap of $41.55 billion, a PE ratio of 61.20 and a beta of 0.21. The stock has a 50-day moving average of $224.73 and a 200-day moving average of $289.91.

Rheinmetall (OTCMKTS:RNMBY) last posted its earnings results on Thursday, November 5th. The company reported $1.38 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.22). Rheinmetall had a return on equity of 23.98% and a net margin of 7.51%. The business had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Sell-side analysts predict that Rheinmetall AG Unsponsored ADR will post 8.35 earnings per share for the current fiscal year.

About Rheinmetall

Rheinmetall AG is a German technology group focused on defense and mobility. Its defense business develops and supplies military vehicles, weapons, ammunition, air-defense systems, sensors and electronic solutions for armed forces and government customers. The company also has a Power Systems business serving the automotive and industrial sectors. Its products include components and systems for vehicles and other applications, alongside technologies related to electrification and energy efficiency.