Leonardo (OTCMKTS:FINMY) Sets New 52-Week High – Still a Buy?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) reached a new 52-week high during trading on Tuesday . The company traded as high as $34.95 and last traded at $34.43, with a volume of 71917 shares. The stock had previously closed at $34.20.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Leonardo to a “hold” rating in a research note on Friday, September 19th. Deutsche Bank Aktiengesellschaft lowered Leonardo from a “buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Leonardo Trading Down 0.7%

The business has a 50-day moving average of $29.05 and a 200 day moving average of $28.85. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.97 and a quick ratio of 0.59.

Leonardo Company Profile

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.