Leonardo (OTCMKTS:FINMY) Sets New 52-Week High – Here’s Why

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) reached a new 52-week high on Tuesday . The company traded as high as $35.00 and last traded at $35.00, with a volume of 28442 shares trading hands. The stock had previously closed at $34.27.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft downgraded Leonardo from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Leonardo Stock Up 1.9%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.59 and a current ratio of 0.97. The firm’s fifty day moving average is $29.34 and its 200 day moving average is $29.01.

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.