Leonardo (OTCMKTS:FINMY) Shares Down 3.9% – Here’s What Happened

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s share price traded down 3.9% on Thursday . The stock traded as low as $32.89 and last traded at $33.1330. 21,472 shares were traded during trading, a decline of 70% from the average session volume of 71,686 shares. The stock had previously closed at $34.48.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut Leonardo from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Leonardo has an average rating of “Hold”.

Leonardo Stock Down 3.3%

The firm’s 50-day moving average price is $29.57 and its 200 day moving average price is $29.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.59 and a current ratio of 0.97.

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.