Rheinmetall (ETR:RHM) Trading Up 1.6% - Here's Why

Key Points

• Rheinmetall AG shares rose 1.6% in mid-day trading, reaching a last trading price of €1,919.50 ($2,258.24), with a significant increase in trading volume.
• The company's market cap stands at $86.20 billion, with a PE ratio of 151.73 and a price-to-earnings-growth ratio of 0.39.
• Rheinmetall operates in five segments including Vehicle Systems, Weapon and Ammunition, and Electronic Solutions, providing various mobility and security technologies worldwide.

Rheinmetall AG (ETR:RHM - Get Free Report)'s share price traded up 1.6% on Friday . The stock traded as high as €1,926.00 ($2,265.88) and last traded at €1,919.50 ($2,258.24). 182,035 shares were traded during mid-day trading, an increase of 14% from the average session volume of 160,244 shares. The stock had previously closed at €1,888.50 ($2,221.76).

Rheinmetall Stock Performance

The company's 50 day simple moving average is €1,736.36 and its two-hundred day simple moving average is €1,625.76. The stock has a market cap of $86.58 billion, a price-to-earnings ratio of 152.40, a price-to-earnings-growth ratio of 0.39 and a beta of 0.70.

About Rheinmetall

Rheinmetall AG provides mobility and security technologies worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems segment offers combat, logistics, support, and special vehicles, including armored tracked vehicles, CBRN protection systems, artillery, turret systems, and wheeled logistics and tactical vehicles.