Rheinmetall (OTCMKTS:RNMBY) Shares Gap Up – Still a Buy?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $249.17, but opened at $266.11. Rheinmetall shares last traded at $264.78, with a volume of 6,089 shares changing hands.

Wall Street Analyst Weigh In

RNMBY has been the subject of several recent analyst reports. Zacks Research cut shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Oddo Bhf upgraded Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Santander upgraded Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Finally, Citigroup raised Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Rheinmetall Stock Performance

The firm’s fifty day moving average price is $255.70 and its 200-day moving average price is $328.57. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The firm has a market cap of $61.31 billion, a price-to-earnings ratio of 123.38 and a beta of 0.18.

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.