Leonardo (OTCMKTS:FINMY) Shares Cross Below 200 Day Moving Average – Here’s Why

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.96 and traded as low as $30.6150. Leonardo shares last traded at $31.39, with a volume of 38,518 shares traded.

Analyst Ratings Changes

FINMY has been the subject of several recent 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 reissued an “overweight” rating on shares of Leonardo in a research report on Friday, July 3rd. Morgan Stanley restated an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. DZ Bank upgraded Leonardo to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Zacks Research raised Leonardo to a “hold” rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Leonardo Trading Up 3.3%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.62 and a current ratio of 0.97. The business has a 50 day moving average price of $29.55 and a 200-day moving average price of $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.