Leonardo (OTCMKTS:FINMY) Shares Gap Down – Here’s Why

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) gapped down before the market opened on Monday . The stock had previously closed at $32.01, but opened at $30.06. Leonardo shares last traded at $29.96, with a volume of 1,933 shares.

Analysts Set New Price Targets

FINMY has been the topic of several research reports. DZ Bank raised Leonardo to a “strong-buy” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Leonardo in a report on Friday, August 14th. Morgan Stanley restated an “overweight” rating on shares of Leonardo in a research report on Monday, June 1st. Jefferies Financial Group upgraded shares of Leonardo from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Finally, Zacks Research raised shares of Leonardo to a “hold” rating in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Leonardo Trading Down 1.7%

The stock has a fifty day simple moving average of $30.69 and a 200-day simple moving average of $31.88. The company has a current ratio of 0.97, a quick ratio of 0.62 and a debt-to-equity ratio of 0.18.

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.