Rheinmetall (OTCMKTS:RNMBY) Sets New 1-Year Low Following Weak Earnings

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY)’s stock price reached a new 52-week low on Thursday following a dissappointing earnings announcement. The company traded as low as $187.62 and last traded at $187.93, with a volume of 96,702 shares traded. The stock had previously closed at $213.40.

The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.22). Rheinmetall had a return on equity of 22.39% and a net margin of 6.45%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Berenberg Bank lowered Rheinmetall from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Zacks Research upgraded Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Finally, Royal Bank Of Canada initiated coverage on Rheinmetall in a report on Tuesday, August 11th. They set a “moderate buy” rating for the company. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Rheinmetall Trading Down 12.3%

The company has a current ratio of 1.00, a quick ratio of 0.50 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $43.67 billion, a P/E ratio of 64.31 and a beta of 0.21. The business has a 50 day moving average price of $231.07 and a 200 day moving average price of $294.85.

Rheinmetall Company Profile

Rheinmetall AG (OTCMKTS: RNMBY) is a Germany-based defense technology company that develops and manufactures military equipment, weapons systems and related technologies. Its products include armored vehicles, military trucks, artillery systems, air-defense solutions, ammunition, sensors, electronic systems and military communications technologies.

The company serves armed forces and government customers in Germany and other European countries, as well as international markets. Rheinmetall provides complete defense solutions that can include vehicles, weapon stations, ammunition, command-and-control systems, training and simulation services, and maintenance and support.