Rheinmetall (OTCMKTS:RNMBY) Shares Gap Down – What’s Next?

Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) gapped down before the market opened on Wednesday . The stock had previously closed at $382.29, but opened at $356.3375. Rheinmetall shares last traded at $361.89, with a volume of 15,619 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RNMBY shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rheinmetall in a research report on Friday, January 30th. Sanford C. Bernstein raised Rheinmetall from a “hold” rating to an “outperform” rating in a research note on Thursday, December 11th. Finally, Zacks Research downgraded shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Rheinmetall Price Performance

The company has a fifty day simple moving average of $405.36 and a two-hundred day simple moving average of $402.61. The company has a market capitalization of $80.65 billion, a price-to-earnings ratio of 139.52 and a beta of 0.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.49 and a current ratio of 1.14.

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.