Leonardo (OTCMKTS:FINMY) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY – Get Free Report) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $28.85 and traded as low as $26.93. Leonardo shares last traded at $27.14, with a volume of 82,077 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FINMY shares. DZ Bank upgraded shares of Leonardo to a “strong-buy” rating in a report on Tuesday, July 21st. BNP Paribas Exane raised shares of Leonardo to an “outperform” rating in a research note on Thursday, September 10th. Barclays reiterated an “overweight” rating on shares of Leonardo in a report on Friday, July 3rd. Royal Bank Of Canada assumed coverage on Leonardo in a research report on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Leonardo in a research note on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Leonardo currently has a consensus rating of “Buy”.

Get Our Latest Research Report on FINMY

Leonardo Stock Performance

The firm’s 50 day moving average price is $28.85 and its 200-day moving average price is $30.09. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 0.16.

About Leonardo

(Get Free Report)

Leonardo S.p.A. is an Italian aerospace, defense and security company formerly known as Finmeccanica. The company adopted the Leonardo name in 2016 and is headquartered in Rome, Italy. It serves government, defense and commercial customers in Italy and international markets.

Leonardo’s activities include the design, development and production of helicopters, military and civil aircraft, aircraft structures, defense electronics, radar and communication systems, cybersecurity solutions, and space technologies.

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