Leonardo (OTCMKTS:FINMF) Trading 2.7% Higher – Still a Buy?

Shares of Leonardo S.p.a. (OTCMKTS:FINMF) traded up 2.7% during mid-day trading on Wednesday . The company traded as high as $59.55 and last traded at $59.1750. 9,830 shares changed hands during mid-day trading, an increase of 137% from the average daily volume of 4,143 shares. The stock had previously closed at $57.62.

Leonardo Stock Down 3.8%

The business has a fifty day moving average price of $59.63 and a two-hundred day moving average price of $65.10.

Institutional Trading of Leonardo

An institutional investor recently bought a new stake in Leonardo stock. Atlas Capital Advisors Inc. acquired a new position in Leonardo S.p.a. (OTCMKTS:FINMF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,410 shares of the company’s stock, valued at approximately $255,000. Institutional investors and hedge funds own 18.02% of the company’s stock.

Leonardo Company Profile

Leonardo S.p.A., trading in the U.S. over-the-counter market as FINMF, is an Italian multinational specializing in aerospace, defense and security. The company designs, develops and manufactures a broad range of products, including helicopters, fixed-wing aircraft, defense electronics, space systems and cybersecurity solutions. Leonardo serves both civil and military clients, providing integrated platforms and support services for complex missions and operations worldwide.

Within its aerospace segment, Leonardo produces tiltrotor and multirole helicopters under the AgustaWestland brand, as well as advanced trainer and transport aircraft.