Rheinmetall (OTCMKTS:RNMBY) Cut to “Strong Sell” at Zacks Research

Rheinmetall (OTCMKTS:RNMBY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

Other analysts have also issued research reports about the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rheinmetall in a research report on Friday, January 30th. Sanford C. Bernstein upgraded Rheinmetall from a “hold” rating to an “outperform” rating in a report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rheinmetall in a research report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Rheinmetall Price Performance

Shares of RNMBY opened at $388.25 on Monday. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.23. Rheinmetall has a fifty-two week low of $142.03 and a fifty-two week high of $468.90. The company has a market cap of $89.06 billion, a P/E ratio of 154.07 and a beta of 0.09. The firm’s 50 day moving average price is $396.91 and its 200 day moving average price is $402.24.

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.