Leonardo (OTCMKTS:FINMY) Shares Gap Down – Should You Sell?

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) gapped down prior to trading on Friday . The stock had previously closed at $30.40, but opened at $28.90. Leonardo shares last traded at $29.00, with a volume of 2,410 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FINMY shares. Zacks Research upgraded shares of Leonardo to a “hold” rating in a research report on Friday, May 15th. Jefferies Financial Group upgraded shares of Leonardo from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup raised shares of Leonardo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Morgan Stanley reaffirmed an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. Finally, Barclays reaffirmed an “overweight” rating on shares of Leonardo in a report on Friday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Leonardo has an average rating of “Moderate Buy”.

Leonardo Stock Performance

The firm’s 50 day moving average is $29.79 and its two-hundred day moving average is $32.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.62 and a current ratio of 0.97.

Leonardo Company Profile

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.