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

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) shares gapped down before the market opened on Monday. The stock had previously closed at $245.74, but opened at $230.74. Rheinmetall shares last traded at $236.5790, with a volume of 6,585 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have commented on RNMBY shares. Royal Bank Of Canada started coverage on shares of Rheinmetall in a research note on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Berenberg Bank downgraded shares of Rheinmetall from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Finally, Zacks Research upgraded shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Rheinmetall Stock Down 0.3%

The company has a current ratio of 1.00, a quick ratio of 0.50 and a debt-to-equity ratio of 0.21. The stock has a market cap of $55.36 billion, a P/E ratio of 81.54 and a beta of 0.18. The firm has a 50-day simple moving average of $240.30 and a two-hundred day simple moving average of $266.49.

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.