Leonardo (OTCMKTS:FINMY) Shares Gap Up – Here’s Why

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) gapped up prior to trading on Thursday . The stock had previously closed at $27.80, but opened at $29.43. Leonardo shares last traded at $29.8410, with a volume of 2,176 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on FINMY. Citigroup upgraded shares of Leonardo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Zacks Research upgraded Leonardo to a “hold” rating in a research report on Friday, May 15th. Barclays upgraded Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Jefferies Financial Group lowered Leonardo from a “buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Leonardo in a report on Monday, June 1st. Two 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. According to data from MarketBeat.com, Leonardo presently has a consensus rating of “Moderate Buy”.

Leonardo Stock 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 firm has a fifty day simple moving average of $29.93 and a two-hundred day simple moving average of $31.97.

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.