Leonardo (OTCMKTS:FINMY) Hits New 52-Week High – Should You Buy?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s share price reached a new 52-week high on Wednesday . The company traded as high as $33.29 and last traded at $33.28, with a volume of 10838 shares trading hands. The stock had previously closed at $31.88.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FINMY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Leonardo in a research note on Monday, October 6th. The Goldman Sachs Group raised shares of Leonardo to a “hold” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Leonardo Stock Performance

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 stock’s 50 day moving average is $28.48 and its two-hundred day moving average is $28.57.

About Leonardo

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.