Rheinmetall (ETR:RHM) Shares Up 2.6% - What's Next?
Rheinmetall AG (ETR:RHM) shares rose 2.6% during mid-day trading, reaching a high of €1,369.50 before closing at €1,353.50. Trading volume increased by 126% compared to the average, with approximately 362,451 shares exchanged. The company has a market cap of $58.83 billion and operates in various segments including Vehicle Systems and Weapon and Ammunition. Despite the positive price movement, analysts currently rate Rheinmetall as a Hold, suggesting that there are better investment options available.
Shares of Rheinmetall AG (ETR:RHM - Get Free Report) were up 2.6% during mid-day trading on Thursday . The company traded as high as €1,369.50 ($1,488.59) and last traded at €1,353.50 ($1,471.20). Approximately 362,451 shares traded hands during mid-day trading, an increase of 126% from the average daily volume of 160,244 shares. The stock had previously closed at €1,319.50 ($1,434.24).
Rheinmetall Price Performance
The company has a market cap of $58.83 billion, a PE ratio of 103.55, a P/E/G ratio of 0.39 and a beta of 0.70. The firm has a 50-day simple moving average of €981.09 and a two-hundred day simple moving average of €705.99.
About Rheinmetall
(Get Free Report)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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