Rheinmetall (OTCMKTS:RNMBY) Sets New 1-Year Low – Here’s What Happened

Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) hit a new 52-week low during trading on Friday . The company traded as low as $259.76 and last traded at $260.60, with a volume of 64266 shares traded. The stock had previously closed at $266.87.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Zacks Research lowered Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Finally, Santander upgraded Rheinmetall to an “outperform” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Rheinmetall currently has an average rating of “Moderate Buy”.

Rheinmetall Stock Performance

The stock has a 50-day moving average of $340.17 and a 200 day moving average of $373.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 0.68. The stock has a market capitalization of $60.46 billion, a price-to-earnings ratio of 122.25 and a beta of 0.16.

About Rheinmetall

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.