Leonardo (OTCMKTS:FINMY) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $30.20 and traded as high as $34.3150. Leonardo shares last traded at $33.72, with a volume of 38,843 shares.

Wall Street Analyst Weigh In

FINMY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut shares of Leonardo from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Jefferies Financial Group restated a “buy” rating on shares of Leonardo in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Leonardo presently has an average rating of “Hold”.

Leonardo Stock Down 1.5%

The company has a quick ratio of 0.59, a current ratio of 0.97 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $30.34 and a 200-day simple moving average of $29.41.

About Leonardo

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.