Rheinmetall (OTCMKTS:RNMBY) Shares Gap Down - Should You Sell?

Key Points

• Shares of Rheinmetall gapped down on Friday, opening near $343.61 after a $361.92 close and trading roughly 6% lower on light volume (about 3,518 shares).
• Analysts are mixed but overall cautious: one Strong Buy, five Buy and one Sell result in an average rating of Moderate Buy.
• The company has a $78.6 billion market cap and a high PE of 134.44, and the stock is trading below both its 50‑day ($373.51) and 200‑day ($392.97) moving averages.

Shares of Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $361.92, but opened at $343.61. Rheinmetall shares last traded at $343.42, with a volume of 3,518 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on RNMBY shares. Sanford C. Bernstein raised shares of Rheinmetall from a "hold" rating to an "outperform" rating in a research report on Thursday, December 11th. Zacks Research cut shares of Rheinmetall from a "hold" rating to a "strong sell" rating in a research report on Monday, February 9th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Rheinmetall in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Rheinmetall Trading Down 6.4%

The firm has a market capitalization of $78.59 billion, a PE ratio of 134.44 and a beta of 0.25. The company's 50-day moving average price is $373.51 and its 200-day moving average price is $392.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.49 and a current ratio of 1.14.

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.

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