Rheinmetall (OTCMKTS:RNMBY) Sets New 52-Week Low on Disappointing Earnings

Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) hit a new 52-week low during trading on Thursday following a dissappointing earnings announcement. The company traded as low as $187.62 and last traded at $187.93, with a volume of 96,702 shares trading hands. The stock had previously closed at $213.40.

The company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.22). Rheinmetall had a net margin of 6.45% and a return on equity of 22.39%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Berenberg Bank downgraded Rheinmetall from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Zacks Research raised Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, Royal Bank Of Canada began coverage on Rheinmetall in a report on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Rheinmetall Price Performance

The company has a quick ratio of 0.50, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average price is $231.07 and its 200-day moving average price is $294.85. The company has a market capitalization of $43.67 billion, a price-to-earnings ratio of 64.31 and a beta of 0.21.

Rheinmetall Company Profile

Rheinmetall AG (OTCMKTS: RNMBY) is a Germany-based defense technology company that develops and manufactures military equipment, weapons systems and related technologies. Its products include armored vehicles, military trucks, artillery systems, air-defense solutions, ammunition, sensors, electronic systems and military communications technologies.

The company serves armed forces and government customers in Germany and other European countries, as well as international markets. Rheinmetall provides complete defense solutions that can include vehicles, weapon stations, ammunition, command-and-control systems, training and simulation services, and maintenance and support.