Leonardo (OTCMKTS:FINMY) Sees Large Volume Increase – Here’s Why

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw strong trading volume on Wednesday . 410,211 shares were traded during mid-day trading, an increase of 450% from the previous session’s volume of 74,543 shares.The stock last traded at $28.6702 and had previously closed at $28.55.

Analyst Ratings Changes

Several brokerages recently issued reports on FINMY. Barclays reissued an “overweight” rating on shares of Leonardo in a research note on Friday, July 3rd. BNP Paribas Exane raised shares of Leonardo to an “outperform” rating in a research report on Thursday, September 10th. Royal Bank Of Canada assumed coverage on Leonardo in a research report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Jefferies Financial Group raised Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Leonardo in a report on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Leonardo Stock Up 0.4%

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 business’s fifty day moving average price is $30.82 and its 200-day moving average price is $31.36.

Leonardo Company Profile

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.