Rheinmetall (OTCMKTS:RNMBY) Shares Gap Up – What’s Next?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) shares gapped up prior to trading on Friday. The stock had previously closed at $231.60, but opened at $246.00. Rheinmetall shares last traded at $244.48, with a volume of 12,867 shares.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Berenberg Bank downgraded Rheinmetall from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Zacks Research upgraded shares of Rheinmetall from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Oddo Bhf raised Rheinmetall to an “outperform” rating in a research report on Monday, June 22nd. Finally, Royal Bank Of Canada began coverage on Rheinmetall in a research note on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Rheinmetall Stock Up 5.6%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.50 and a current ratio of 1.00. The stock has a market cap of $57.09 billion, a P/E ratio of 84.08 and a beta of 0.18. The stock’s fifty day simple moving average is $241.71 and its 200-day simple moving average is $268.63.

About Rheinmetall

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.