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

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) gapped down before the market opened on Tuesday . The stock had previously closed at $35.12, but opened at $33.39. Leonardo shares last traded at $32.91, with a volume of 19,538 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FINMY shares. Deutsche Bank Aktiengesellschaft downgraded Leonardo from a “buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Citigroup raised Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Barclays raised Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Leonardo in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Leonardo has an average rating of “Buy”.

Leonardo Price Performance

The firm has a 50-day moving average price of $34.04 and a 200 day moving average price of $31.47.

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.