Berenberg Bank Downgrades RHEINMETALL/ADR (OTCMKTS:RNMBY) to Hold

Berenberg Bank lowered shares of RHEINMETALL/ADR (OTCMKTS:RNMBY) from a buy rating to a hold rating in a research note published on Monday morning, The Fly reports.

Shares of RNMBY stock traded down $0.16 during trading hours on Monday, hitting $22.59. The company’s stock had a trading volume of 148 shares, compared to its average volume of 1,290. The company has a 50 day moving average of $24.14 and a 200 day moving average of $23.47. RHEINMETALL/ADR has a 12-month low of $16.82 and a 12-month high of $25.90.


Rheinmetall AG manufactures and supplies automotive components and defense equipment in Germany and internationally. The company's automotive products include mechatronics, such as cutting emissions, actuators, and solenoid valves, as well as water, oil, and vacuum pumps; hardparts, including pistons, engine blocks, structural components and cylinder heads, plain bearings, and bushes; and replacement parts.

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