Rheinmetall (OTCMKTS:RNMBY) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Rheinmetall (OTCMKTS:RNMBY) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks.com reports.

RNMBY has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rheinmetall in a research note on Wednesday, October 15th. Sanford C. Bernstein raised shares of Rheinmetall from a “hold” rating to an “outperform” rating in a research report on Thursday, December 11th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Rheinmetall Stock Down 2.7%

Shares of RNMBY stock opened at $377.91 on Monday. The company’s fifty day simple moving average is $397.34 and its two-hundred day simple moving average is $402.07. Rheinmetall has a 52 week low of $142.03 and a 52 week high of $468.90. The stock has a market cap of $86.69 billion, a P/E ratio of 149.96 and a beta of 0.09. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.23.

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.