Leonardo (OTCMKTS:FINMY) Shares Gap Down – Time to Sell?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $28.81, but opened at $26.89. Leonardo shares last traded at $27.13, with a volume of 4,456 shares traded.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FINMY shares. Zacks Research raised shares of Leonardo to a “hold” rating in a report on Friday, May 15th. Jefferies Financial Group lowered shares of Leonardo from a “buy” rating to a “hold” rating in a report on Monday, April 20th. Citigroup raised shares of Leonardo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Morgan Stanley restated an “overweight” rating on shares of Leonardo in a report on Monday, June 1st. Finally, Barclays raised Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Leonardo Trading Down 5.8%

The company has a fifty day moving average of $30.81 and a 200 day moving average of $32.03. The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 0.18.

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.