Leonardo (OTCMKTS:FINMY) Stock Breaks Below 50-Day Moving Average – Time to Sell?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s stock price crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $30.62 and traded as low as $26.51. Leonardo shares last traded at $26.58, with a volume of 52,130 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. BNP Paribas Exane upgraded shares of Leonardo to an “outperform” rating in a research note on Thursday, September 10th. DZ Bank raised Leonardo to a “strong-buy” rating in a research note on Tuesday, July 21st. Jefferies Financial Group upgraded Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Royal Bank Of Canada started coverage on shares of Leonardo in a research report on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Leonardo in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Leonardo Stock Performance

The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 0.16. The company has a 50 day simple moving average of $30.62 and a 200-day simple moving average of $30.95.

About Leonardo

Leonardo S.p.A. is an Italian aerospace, defense and security company headquartered in Rome. The company develops and supplies helicopters, military and commercial aircraft, aerostructures, defense electronics, radar and communication systems, cybersecurity solutions, and integrated defense and security systems.

Leonardo serves governments, armed forces, civil aviation customers and industrial partners in Italy and international markets. Its activities extend across Europe, North America and other global regions, with products and services used in areas including air defense, battlefield management, secure communications, surveillance, transportation and critical-infrastructure protection.