Leonardo (OTCMKTS:FINMY) Shares Gap Down – Here’s Why

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) gapped down prior to trading on Wednesday . The stock had previously closed at $36.53, but opened at $34.98. Leonardo shares last traded at $35.26, with a volume of 7,218 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays raised Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered Leonardo from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Leonardo in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Leonardo presently has an average rating of “Moderate Buy”.

Leonardo Stock Down 4.2%

The company has a fifty day moving average price of $33.31 and a 200-day moving average price of $30.55. The company has a quick ratio of 0.59, a current ratio of 0.97 and a debt-to-equity ratio of 0.19.

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.