Rheinmetall (OTCMKTS:RNMBY) Trading 0.7% Higher – Here’s What Happened

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY) was up 0.7% during mid-day trading on Friday . The stock traded as high as $367.00 and last traded at $366.63. Approximately 42,847 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 67,739 shares. The stock had previously closed at $363.93.

Analysts Set New Price Targets

RNMBY has been the subject of several research reports. Sanford C. Bernstein raised Rheinmetall from a “hold” rating to an “outperform” rating in a research note on Thursday, December 11th. Zacks Research raised Rheinmetall to a “hold” rating in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rheinmetall in a research report on Wednesday, October 15th. The Goldman Sachs Group began coverage on Rheinmetall in a report on Friday, September 19th. They set a “buy” rating on the stock. Finally, Barclays began coverage on shares of Rheinmetall in a report on Monday, September 8th. They issued an “overweight” rating for the company. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Rheinmetall presently has an average rating of “Buy”.

Rheinmetall Trading Up 0.7%

The firm has a 50-day moving average of $378.93 and a two-hundred day moving average of $402.08. The company has a current ratio of 1.14, a quick ratio of 0.49 and a debt-to-equity ratio of 0.23.

Rheinmetall (OTCMKTS:RNMBY) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.77 EPS for the quarter. The business had revenue of $3.25 billion for the quarter.

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.