Rheinmetall (OTCMKTS:RNMBY) Sees Strong Trading Volume – Still a Buy?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) saw an uptick in trading volume on Wednesday . 222,328 shares traded hands during mid-day trading, an increase of 229% from the previous session’s volume of 67,616 shares.The stock last traded at $338.04 and had previously closed at $334.65.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RNMBY. Zacks Research cut shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Finally, Santander raised Rheinmetall to an “outperform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Rheinmetall Stock Performance

The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average of $354.86 and a 200-day moving average of $379.27. The stock has a market capitalization of $77.60 billion, a price-to-earnings ratio of 180.67 and a beta of 0.16.

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.