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

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) gapped down prior to trading on Wednesday . The stock had previously closed at $28.81, but opened at $26.89. Leonardo shares last traded at $27.13, with a volume of 4,456 shares.

Analyst Ratings Changes

A number of research firms have issued reports on FINMY. Barclays upgraded Leonardo from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Zacks Research upgraded shares of Leonardo to a “hold” rating in a research note on Friday, May 15th. Jefferies Financial Group downgraded shares of Leonardo from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Morgan Stanley reissued an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. Finally, Citigroup upgraded shares of Leonardo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently 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 $30.51 and a 200-day simple moving average of $32.01.

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.