Rheinmetall (OTCMKTS:RNMBY) Shares Gap Up – Here’s What Happened

Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) gapped up before the market opened on Wednesday . The stock had previously closed at $336.01, but opened at $359.98. Rheinmetall shares last traded at $363.4425, with a volume of 14,544 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RNMBY. Zacks Research downgraded Rheinmetall from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Sanford C. Bernstein raised Rheinmetall from a “hold” rating to an “outperform” rating in a research report on Thursday, December 11th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Rheinmetall Price Performance

The stock has a market cap of $85.32 billion, a P/E ratio of 145.95 and a beta of 0.12. The business has a 50 day simple moving average of $383.39 and a 200-day simple moving average of $396.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.49 and a current ratio of 1.14.

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.