Rheinmetall (OTCMKTS:RNMBY) Shares Gap Down – Time to Sell?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $382.29, but opened at $356.3375. Rheinmetall shares last traded at $361.89, with a volume of 15,619 shares traded.

Analysts Set New Price Targets

A number of research firms have recently commented on RNMBY. Zacks Research cut Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Sanford C. Bernstein raised shares of Rheinmetall from a “hold” rating to an “outperform” rating in a report on Thursday, December 11th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Rheinmetall Trading Down 8.0%

The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $80.65 billion, a P/E ratio of 139.52 and a beta of 0.12. The firm’s 50 day simple moving average is $405.36 and its two-hundred day simple moving average is $402.61.

About Rheinmetall

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.