Leonardo (OTCMKTS:FINMY) Sees Unusually-High Trading Volume – Still a Buy?
by Renee Jackson · The Cerbat GemShares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY – Get Free Report) saw unusually-strong trading volume on Wednesday . 410,211 shares were traded during mid-day trading, an increase of 450% from the previous session’s volume of 74,543 shares.The stock last traded at $28.6702 and had previously closed at $28.55.
Wall Street Analyst Weigh In
FINMY has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of Leonardo from a “hold” rating to a “buy” rating in a report on Thursday, July 9th. Barclays reiterated an “overweight” rating on shares of Leonardo in a report on Friday, July 3rd. BNP Paribas Exane upgraded Leonardo to an “outperform” rating in a report on Thursday, September 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of Leonardo in a report on Monday, June 1st. Finally, Royal Bank Of Canada initiated coverage on Leonardo in a research note on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.
Read Our Latest Stock Report on Leonardo
Leonardo Trading Up 0.4%
The company has a current ratio of 0.97, a quick ratio of 0.62 and a debt-to-equity ratio of 0.18. The stock’s 50-day simple moving average is $30.82 and its 200 day simple moving average is $31.36.
Leonardo Company Profile
Leonardo S.p.A. is an Italian aerospace, defense and security company headquartered in Rome. The company develops and manufactures helicopters, military and commercial aircraft, aircraft structures, defense electronics, radar and communication systems, cybersecurity solutions, and space-related technologies and services.
Leonardo serves government and commercial customers in Italy and international markets, with operations and partnerships across Europe, North America and other regions.