Leonardo (OTCMKTS:FINMY) Reaches New 52-Week High – Here’s What Happened

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $35.00 and last traded at $35.00, with a volume of 28442 shares changing hands. The stock had previously closed at $34.27.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft cut Leonardo from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Leonardo Stock Down 3.3%

The stock has a fifty day moving average of $29.57 and a 200-day moving average of $29.11. 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. 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.