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

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

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

Rheinmetall Trading Down 4.3%

OTCMKTS RNMBY opened at $232.40 on Wednesday. Rheinmetall has a one year low of $211.20 and a one year high of $468.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.04. The company has a market capitalization of $54.08 billion, a price-to-earnings ratio of 109.11 and a beta of 0.18. The company’s 50-day simple moving average is $271.93 and its two-hundred day simple moving average is $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.