Rheinmetall (OTCMKTS:RNMBY) Shares Gap Down – Here’s Why

Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) gapped down before the market opened on Friday . The stock had previously closed at $361.92, but opened at $343.61. Rheinmetall shares last traded at $343.42, with a volume of 3,518 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RNMBY. Zacks Research downgraded shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Jefferies Financial Group restated a “buy” rating on shares of Rheinmetall in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Rheinmetall Price Performance

The firm has a market capitalization of $79.30 billion, a price-to-earnings ratio of 135.66 and a beta of 0.25. The company has a current ratio of 1.14, a quick ratio of 0.49 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $371.92 and a two-hundred day moving average price of $391.73.

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.