Rheinmetall (OTCMKTS:RNMBY) Downgraded to “Strong Sell” Rating by Zacks Research

Rheinmetall (OTCMKTS:RNMBY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also recently commented on RNMBY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rheinmetall in a report on Wednesday, October 15th. Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a report on Friday, January 30th. Finally, Sanford C. Bernstein raised Rheinmetall from a “hold” rating to an “outperform” rating in a research report on Thursday, December 11th. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Rheinmetall Stock Performance

OTCMKTS:RNMBY opened at $388.25 on Monday. The company’s 50-day moving average is $396.91 and its two-hundred day moving average is $402.24. Rheinmetall has a 1-year low of $142.03 and a 1-year high of $468.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.14 and a quick ratio of 0.49. The firm has a market capitalization of $89.06 billion, a price-to-earnings ratio of 154.07 and a beta of 0.09.

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.