Rheinmetall (OTCMKTS:RNMBY) Trading Down 2.8% – Should You Sell?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) shares traded down 2.8% on Tuesday . The company traded as low as $395.10 and last traded at $397.3935. 41,289 shares were traded during trading, a decline of 7% from the average session volume of 44,532 shares. The stock had previously closed at $408.85.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Sanford C. Bernstein initiated coverage on Rheinmetall in a report on Friday, September 26th. They set a “hold” rating on the stock. The Goldman Sachs Group initiated coverage on shares of Rheinmetall in a report on Friday, September 19th. They set a “buy” rating on the stock. Barclays initiated coverage on shares of Rheinmetall in a research note on Monday, September 8th. They issued an “overweight” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rheinmetall in a report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rheinmetall currently has an average rating of “Buy”.

Rheinmetall Stock Down 2.8%

The company has a 50-day simple moving average of $426.79 and a 200-day simple moving average of $404.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.15 and a quick ratio of 0.47.

Rheinmetall (OTCMKTS:RNMBY) last announced its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $2.76 billion for the quarter.

About Rheinmetall

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.