Leonardo (OTCMKTS:FINMY) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $31.00 and traded as low as $29.0198. Leonardo shares last traded at $29.19, with a volume of 48,836 shares changing hands.

Analysts Set New Price Targets

FINMY has been the subject of a number of research reports. BNP Paribas Exane upgraded shares of Leonardo to an “outperform” rating in a research report on Thursday. Zacks Research raised shares of Leonardo to a “hold” rating in a research report on Friday, May 15th. Jefferies Financial Group upgraded shares of Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Leonardo in a report on Friday, August 14th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Leonardo currently has a consensus rating of “Buy”.

Leonardo Trading Up 2.4%

The company has a current ratio of 0.97, a quick ratio of 0.62 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $31.00 and a two-hundred day moving average price of $31.65.

About Leonardo

Leonardo S.p.A. is an Italian aerospace, defense and security company headquartered in Rome. The company develops and manufactures helicopters, military and commercial aircraft, aircraft structures, defense electronics, radar and communication systems, cybersecurity solutions, and space-related technologies and services.

Leonardo serves government and commercial customers in Italy and international markets, with operations and partnerships across Europe, North America and other regions.