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

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) shares gapped up prior to trading on Friday. The stock had previously closed at $27.09, but opened at $28.23. Leonardo shares last traded at $28.1850, with a volume of 25,454 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FINMY. BNP Paribas Exane raised shares of Leonardo to an “outperform” rating in a report on Thursday, September 10th. Royal Bank Of Canada began coverage on shares of Leonardo in a research report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. DZ Bank upgraded shares of Leonardo to a “strong-buy” rating in a research note on Tuesday, July 21st. Barclays reaffirmed an “overweight” rating on shares of Leonardo in a research report on Friday, July 3rd. Finally, Jefferies Financial Group raised shares of Leonardo from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Leonardo Stock Performance

The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average price of $29.65 and a two-hundred day moving average price of $30.36.

Leonardo Company Profile

Leonardo S.p.A. is an Italian aerospace, defense and security company headquartered in Rome. The company develops and supplies helicopters, military and commercial aircraft, aerostructures, defense electronics, radar and communication systems, cybersecurity solutions, and integrated defense and security systems.

Leonardo serves governments, armed forces, civil aviation customers and industrial partners in Italy and international markets. Its activities extend across Europe, North America and other global regions, with products and services used in areas including air defense, battlefield management, secure communications, surveillance, transportation and critical-infrastructure protection.