Leonardo (OTCMKTS:FINMY) Shares Gap Up – Here’s What Happened
by Michael Walen · The Markets DailyLeonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $33.58, but opened at $36.16. Leonardo shares last traded at $36.22, with a volume of 13,717 shares traded.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Leonardo from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. Jefferies Financial Group restated a “buy” rating on shares of Leonardo in a research note on Friday, January 30th. Finally, Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
View Our Latest Analysis on Leonardo
Leonardo Trading Up 8.3%
The company has a quick ratio of 0.59, a current ratio of 0.97 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $33.95 and a two-hundred day simple moving average of $31.26.
Leonardo Company Profile
Leonardo S.p.A. is an Italy-based global aerospace, defence and security company that designs, manufactures and supports a broad range of products and systems for military, government and commercial customers. Its core activities span helicopters and fixed-wing aircraft, avionics and mission systems, air and naval defence electronics (including radars and sensors), cybersecurity and secure communications, as well as space systems and services. The company also provides systems integration, mission support, maintenance, repair and overhaul (MRO) and training services across its product lines.
The business traces its modern identity to the former Finmeccanica group and was rebranded as Leonardo in 2017, reflecting a strategic emphasis on technology, research and innovation.