Leonardo (OTCMKTS:FINMY) Sees Strong Trading Volume – Still a Buy?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw unusually-high trading volume on Thursday. Approximately 110,904 shares were traded during mid-day trading, an increase of 44% from the previous session’s volume of 76,899 shares. The stock last traded at $26.50 and had previously closed at $26.21.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FINMY. Barclays reissued an “overweight” rating on shares of Leonardo in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Leonardo in a research note on Friday, August 14th. Jefferies Financial Group raised Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. BNP Paribas Exane upgraded Leonardo to an “outperform” rating in a report on Thursday, September 10th. Finally, DZ Bank raised Leonardo to a “strong-buy” rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Leonardo Price Performance

The company’s 50 day simple moving average is $29.78 and its two-hundred day simple moving average is $30.40. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 0.16.

About Leonardo

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.