Leonardo (OTCMKTS:FINMY) Shares Gap Up – Should You Buy?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) shares gapped up prior to trading on Tuesday. The stock had previously closed at $26.77, but opened at $28.65. Leonardo shares last traded at $28.76, with a volume of 4,178 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently commented on FINMY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Leonardo in a research note on Friday, August 14th. BNP Paribas Exane upgraded Leonardo to an “outperform” rating in a research note on Thursday, September 10th. DZ Bank upgraded Leonardo to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada started coverage on Leonardo in a report on Tuesday, August 11th. They set a “moderate buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Leonardo presently has a consensus rating of “Buy”.

Leonardo Stock Up 1.5%

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.52 and a current ratio of 0.90. The firm’s fifty day moving average is $27.94 and its 200 day moving average is $30.99.

About Leonardo

Leonardo is an Italian aerospace, defense and security company that develops and supplies products and services for government and commercial customers. Its businesses include helicopters, defense and security electronics, aircraft, aerostructures, cybersecurity and space-related technologies.

The company’s products and services support areas such as air and land defense, air traffic management, communications, surveillance and critical-infrastructure protection. Leonardo also provides training, maintenance and other support services for its equipment.

Headquartered in Rome, Leonardo serves customers internationally, with operations and activities across Europe and other regions.