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

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $32.01, but opened at $30.06. Leonardo shares last traded at $29.96, with a volume of 1,933 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays reissued an “overweight” rating on shares of Leonardo in a research note on Friday, July 3rd. Zacks Research upgraded Leonardo to a “hold” rating in a report on Friday, May 15th. DZ Bank upgraded Leonardo to a “strong-buy” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada started coverage on Leonardo in a research note on Tuesday, August 11th. They set a “moderate buy” rating for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of Leonardo in a report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Leonardo Price Performance

The stock’s 50 day moving average is $30.69 and its two-hundred day moving average is $31.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.62.

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.