Rheinmetall (OTCMKTS:RNMBY) Sets New 52-Week Low – What’s Next?

Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $208.8650 and last traded at $209.00, with a volume of 3726 shares traded. The stock had previously closed at $214.50.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RNMBY. Royal Bank Of Canada assumed coverage on Rheinmetall in a research note on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Oddo Bhf upgraded Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Finally, Zacks Research raised Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Rheinmetall Stock Performance

The stock has a market capitalization of $48.25 billion, a P/E ratio of 71.05 and a beta of 0.18. The company has a 50 day simple moving average of $249.39 and a 200-day simple moving average of $274.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.50.

Rheinmetall Company Profile

Rheinmetall AG is a German defense technology company headquartered in Düsseldorf. Founded in 1889, the group develops and manufactures military equipment and systems for armed forces, government agencies and security organizations in Germany and international markets.

Its portfolio includes tracked and wheeled military vehicles, combat vehicles, artillery systems, weapons, ammunition and air-defense technology. Rheinmetall also provides military electronics, sensors, command-and-control systems, simulation and training solutions, as well as protection and reconnaissance technologies.

The company serves customers across Europe and other regions, including NATO member states and partner nations.