Leonardo (OTCMKTS:FINMF) Trading Up 7.5% – Still a Buy?

Leonardo S.p.a. (OTCMKTS:FINMF)’s share price rose 7.5% during trading on Wednesday . The company traded as high as $56.7740 and last traded at $56.5920. Approximately 1,784 shares changed hands during trading, a decline of 56% from the average session volume of 4,077 shares. The stock had previously closed at $52.6625.

Leonardo Trading Up 7.5%

The company has a fifty day moving average price of $60.93 and a 200-day moving average price of $64.97.

Institutional Investors Weigh In On Leonardo

A hedge fund recently bought a new stake in Leonardo stock. Atlas Capital Advisors Inc. acquired a new stake in Leonardo S.p.a. (OTCMKTS:FINMF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,410 shares of the company’s stock, valued at approximately $255,000. Institutional investors own 18.02% of the company’s stock.

About Leonardo

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.