Rheinmetall (OTCMKTS:RNMBY) Reaches New 1-Year Low - Here's Why

Rheinmetall AG Unsponsored ADR (OTCMKTS:RNMBY - Get Free Report) hit a new 52-week low during mid-day trading on Saturday . The stock traded as low as $284.32 and last traded at $284.75, with a volume of 419157 shares trading hands. The stock had previously closed at $315.60.Wall Street Analysts Forecast Growth3 European Stocks Built to Shrug Off TariffsA number of analysts recently weighed in on RNMBY shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Rheinmetall in a research report on Monday, April 20th. Zacks Research cut Rheinmetall from a "hold" rating to a "strong sell" rating in a research note on Monday, February 9th. Finally, Santander raised shares of Rheinmetall to an "outperform" rating in a research report on Monday. One equities research 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's stock. Based on data from MarketBeat.com, Rheinmetall presently has a consensus rating of "Moderate Buy".View Our Latest Research Report on RheinmetallRheinmetall Trading Down 9.8%3 Defense Stocks Surging as Ukraine Tensions DeepenThe firm's 50-day simple moving average is $351.70 and its 200 day simple moving average is $378.28. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $66.11 billion, a P/E ratio of 153.92 and a beta of 0.16. Rheinmetall (OTCMKTS:RNMBY - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. Rheinmetall had a return on equity of 21.40% and a net margin of 7.08%.The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.58 billion. Equities research analysts anticipate that Rheinmetall AG Unsponsored ADR will post 8.59 EPS for the current fiscal year. About Rheinmetall (Get Free Report)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.Featured StoriesFive stocks we like better than RheinmetallThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Rheinmetall Right Now?Before you consider Rheinmetall, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rheinmetall wasn't on the list.While Rheinmetall currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here