Leonardo (OTCMKTS:FINMY) Shares Gap Down – What’s Next?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) shares gapped down prior to trading on Thursday . The stock had previously closed at $30.55, but opened at $28.61. Leonardo shares last traded at $29.55, with a volume of 15,379 shares trading hands.

Analyst Ratings Changes

Several brokerages have weighed in on FINMY. Zacks Research raised shares of Leonardo to a “hold” rating in a report on Friday, May 15th. Jefferies Financial Group lowered shares of Leonardo from a “buy” rating to a “hold” rating in a research note on Monday, April 20th. Citigroup raised shares of Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Barclays upgraded Leonardo from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 9th. Finally, Morgan Stanley restated an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Leonardo Price Performance

The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $31.17 and its 200 day simple moving average is $31.96.

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.