Rheinmetall (OTCMKTS:RNMBY) Shares Up 3.2% – Time to Buy?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY)’s share price shot up 3.2% on Tuesday . The company traded as high as $402.00 and last traded at $400.89. 73,404 shares were traded during mid-day trading, an increase of 40% from the average session volume of 52,484 shares. The stock had previously closed at $388.60.

Analyst Upgrades and Downgrades

Separately, BNP Paribas raised shares of Rheinmetall to a “strong-buy” rating in a research note on Friday, June 6th.

Rheinmetall Trading Up 3.2%

The business’s 50-day moving average is $413.32 and its two-hundred day moving average is $311.51.

Rheinmetall (OTCMKTS:RNMBY) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.40 EPS for the quarter. The firm had revenue of $2.42 billion during the quarter.

Rheinmetall Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid a $1.2823 dividend. This is a positive change from Rheinmetall’s previous dividend of $0.84. The ex-dividend date of this dividend was Thursday, May 15th. This represents a yield of 0.36%. Rheinmetall’s dividend payout ratio (DPR) is 586.05%.

Rheinmetall Company Profile

Rheinmetall AG provides mobility and security technologies worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems segment offers combat, logistics, support, and special vehicles, including armored tracked vehicles, CBRN protection systems, artillery, turret systems, and wheeled logistics and tactical vehicles.