Leonardo (OTCMKTS:FINMY) Stock Passes Above 50 Day Moving Average – Here’s Why

Leonardo S.p.a. (OTCMKTS:FINMY)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $21.65 and traded as high as $23.75. Leonardo shares last traded at $23.75, with a volume of 132,682 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FINMY shares. Citigroup lowered Leonardo from a “strong-buy” rating to a “neutral” rating in a report on Friday, April 4th. UBS Group downgraded Leonardo from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Morgan Stanley upgraded Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 16th.

Leonardo Stock Up 0.1 %

The company has a current ratio of 0.95, a quick ratio of 0.58 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $21.65 and a 200 day moving average of $16.08.

About Leonardo

Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States, and internationally. The company offers a range of helicopters for battlefield, combat, maritime, training, VIP/executive transport, medical and rescue, security, energy, and utility services, as well as provides support and training services.