Rheinmetall (ETR:RHM) Shares Down 8% - Time to Sell?

Key Points

• Rheinmetall AG shares experienced an 8% decline during trading, dropping to €1,641.00 ($1,908.14) from a previous close of €1,783.50 ($2,073.84).
• The trading volume surged to approximately 651,875 shares, significantly higher than the average daily volume of 160,244 shares, indicating increased market activity.
• Rheinmetall holds a market capitalization of $73.70 billion and has a notably high P/E ratio of 129.72, reflecting investor expectations and valuation concerns.

Rheinmetall AG (ETR:RHM - Get Free Report) shares fell 8% during mid-day trading on Friday . The company traded as low as €1,641.00 ($1,908.14) and last traded at €1,641.00 ($1,908.14). 651,875 shares changed hands during trading, an increase of 307% from the average session volume of 160,244 shares. The stock had previously closed at €1,783.50 ($2,073.84).

Rheinmetall Stock Up 1.1%

The company has a market cap of $70.19 billion, a PE ratio of 123.55, a price-to-earnings-growth ratio of 0.39 and a beta of 0.70. The business's 50 day moving average price is €1,762.71 and its 200-day moving average price is €1,451.87.

Rheinmetall Company Profile

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.