Leonardo (OTCMKTS:FINMY) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $31.89 and traded as low as $29.5175. Leonardo shares last traded at $30.10, with a volume of 43,099 shares traded.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Zacks Research upgraded Leonardo to a “hold” rating in a research report on Friday, May 15th. Morgan Stanley reiterated an “overweight” rating on shares of Leonardo in a research report on Monday. Jefferies Financial Group cut Leonardo from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Citigroup upgraded Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Finally, Barclays upgraded Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Leonardo Price Performance

The firm has a fifty day simple moving average of $31.80 and a two-hundred day simple moving average of $31.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.62 and a current ratio of 0.97.

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.