Rheinmetall (ETR:RHM) Shares Down 0.6% - Here's Why

Rheinmetall AG (ETR:RHM - Get Free Report) shares dropped 0.6% during mid-day trading on Thursday . The stock traded as low as €491.30 ($539.89) and last traded at €499.40 ($548.79). Approximately 167,846 shares were traded during trading, an increase of 5% from the average daily volume of 160,244 shares. The stock had previously closed at €502.40 ($552.09).

Rheinmetall Trading Down 0.6 %

The company's fifty day moving average price is €515.14 and its 200-day moving average price is €514.18. The stock has a market cap of $21.68 billion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 0.40 and a beta of 0.70. The company has a debt-to-equity ratio of 54.88, a current ratio of 1.23 and a quick ratio of 0.57.

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.

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