Leonardo (OTCMKTS:FINMY) Sees Large Volume Increase – Should You Buy?

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw strong trading volume on Friday . 207,122 shares changed hands during mid-day trading, an increase of 117% from the previous session’s volume of 95,556 shares.The stock last traded at $34.6450 and had previously closed at $34.29.

Wall Street Analyst Weigh In

FINMY has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Leonardo in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft cut Leonardo from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Leonardo Price Performance

The company has a 50-day moving average of $31.79 and a 200-day moving average of $29.86. The company has a current ratio of 0.97, a quick ratio of 0.59 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.