Leonardo (OTCMKTS:FINMY) Stock Passes Below 50-Day Moving Average – Should You Sell?

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $28.60 and traded as low as $27.05. Leonardo shares last traded at $27.20, with a volume of 100,484 shares changing hands.

Wall Street Analysts Forecast Growth

FINMY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Leonardo in a report on Monday, October 6th. The Goldman Sachs Group upgraded shares of Leonardo to a “hold” rating in a research note on Friday, September 19th. Finally, Barclays raised shares of Leonardo to a “hold” rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Leonardo Trading Down 0.4%

The company has a 50-day simple moving average of $28.60 and a 200 day simple moving average of $28.52. The company has a quick ratio of 0.59, a current ratio of 0.97 and a debt-to-equity ratio of 0.19.

About Leonardo

Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States, and internationally. The company offers a range of helicopters for battlefield, combat, maritime, training, VIP/executive transport, medical and rescue, security, energy, and utility services, as well as provides support and training services.