Rheinmetall (OTCMKTS:RNMBY) Sets New 52-Week Low – Should You Sell?

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) reached a new 52-week low 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

RNMBY has been the subject of a number of recent analyst reports. Santander raised Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Zacks Research lowered Rheinmetall from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Rheinmetall in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Rheinmetall Stock Performance

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 business has a 50-day simple moving average of $337.71 and a 200-day simple moving average of $372.51. The firm has a market capitalization of $60.46 billion, a PE ratio of 122.25 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.