Leonardo (OTCMKTS:FINMY) Shares Gap Up – Still a Buy?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $27.09, but opened at $28.23. Leonardo shares last traded at $28.1850, with a volume of 25,454 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FINMY. Royal Bank Of Canada initiated coverage on shares of Leonardo in a report on Tuesday, August 11th. They set a “moderate buy” rating for the company. DZ Bank raised shares of Leonardo to a “strong-buy” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Leonardo in a report on Friday, August 14th. BNP Paribas Exane raised shares of Leonardo to an “outperform” rating in a research report on Thursday, September 10th. Finally, Jefferies Financial Group raised shares of Leonardo from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Leonardo has a consensus rating of “Buy”.

Leonardo Stock Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.90 and a quick ratio of 0.52. The company’s 50-day moving average price is $29.65 and its two-hundred day moving average price is $30.36.

About Leonardo

Leonardo S.p.A. is an Italian aerospace, defense and security company headquartered in Rome. The company develops and supplies helicopters, military and commercial aircraft, aerostructures, defense electronics, radar and communication systems, cybersecurity solutions, and integrated defense and security systems.

Leonardo serves governments, armed forces, civil aviation customers and industrial partners in Italy and international markets. Its activities extend across Europe, North America and other global regions, with products and services used in areas including air defense, battlefield management, secure communications, surveillance, transportation and critical-infrastructure protection.