Rheinmetall (OTCMKTS:RNMBY) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Rheinmetall (OTCMKTS:RNMBY) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Other research analysts have also issued reports about the stock. Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday. Santander raised shares of Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Rheinmetall Trading Up 2.2%

Shares of RNMBY opened at $279.68 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 0.68. Rheinmetall has a 1 year low of $259.76 and a 1 year high of $468.90. The company has a 50 day simple moving average of $334.17 and a two-hundred day simple moving average of $370.50. The firm has a market cap of $64.94 billion, a P/E ratio of 131.31 and a beta of 0.16.

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.