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

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw unusually-high trading volume on Friday . Approximately 207,122 shares traded hands during mid-day trading, an increase of 117% from the previous session’s volume of 95,556 shares.The stock last traded at $34.6450 and had previously closed at $34.29.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FINMY. Jefferies Financial Group reaffirmed a “buy” rating on shares of Leonardo in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft cut shares of Leonardo from a “buy” rating to a “hold” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Leonardo has an average rating of “Hold”.

Leonardo Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.59 and a current ratio of 0.97. The company has a 50 day simple moving average of $31.79 and a 200 day simple moving average of $29.86.

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.