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

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) 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.

Analysts Set New Price Targets

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

Leonardo Price Performance

The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $31.89 and a 200-day moving average price of $31.77.

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.