Rheinmetall (OTCMKTS:RNMBY) Shares Gap Down – Should You Sell?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $285.08, but opened at $275.21. Rheinmetall shares last traded at $273.8950, with a volume of 4,278 shares traded.

Analysts Set New Price Targets

RNMBY has been the topic of a number of analyst reports. Zacks Research upgraded shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Santander upgraded shares of Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Jefferies Financial Group restated a “buy” rating on shares of Rheinmetall in a research note on Monday, April 20th. Finally, Citigroup upgraded shares of Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Rheinmetall currently has an average rating of “Moderate Buy”.

Rheinmetall Stock Performance

The company has a market capitalization of $64.82 billion, a PE ratio of 130.77 and a beta of 0.12. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.18. The firm’s 50-day simple moving average is $310.83 and its 200-day simple moving average is $357.25.

Rheinmetall Company Profile

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.