Leonardo (OTCMKTS:FINMY) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMYGet Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $32.50 and traded as low as $29.9910. Leonardo shares last traded at $30.10, with a volume of 88,460 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FINMY shares. Barclays upgraded Leonardo from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Leonardo in a report on Monday, April 27th. Jefferies Financial Group downgraded Leonardo from a “buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research raised Leonardo to a “hold” rating in a report on Friday, May 15th. Finally, Citigroup raised Leonardo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Read Our Latest Stock Report on Leonardo

Leonardo Stock Down 1.9%

The stock has a fifty day simple moving average of $32.50 and a 200-day simple moving average of $31.71. The company has a current ratio of 0.97, a quick ratio of 0.62 and a debt-to-equity ratio of 0.18.

Leonardo Company Profile

(Get Free Report)

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.

Further Reading

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