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

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $26.77, but opened at $28.65. Leonardo shares last traded at $28.76, with a volume of 4,178 shares traded.

Wall Street Analyst Weigh In

FINMY has been the topic of several analyst reports. DZ Bank raised shares of Leonardo to a “strong-buy” rating in a research note on Tuesday, July 21st. Deutsche Bank reissued a “buy” rating on shares of Leonardo in a research note on Friday, August 14th. Royal Bank Of Canada began coverage on Leonardo in a research note on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Finally, BNP Paribas Exane raised shares of Leonardo to an “outperform” rating in a research report on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Leonardo Trading Down 2.4%

The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 0.16. The stock’s 50-day simple moving average is $27.89 and its 200 day simple moving average is $30.93.

Leonardo Company Profile

Leonardo is an Italian aerospace, defense and security company that develops and supplies products and services for government and commercial customers. Its businesses include helicopters, defense and security electronics, aircraft, aerostructures, cybersecurity and space-related technologies. The company’s products and services support areas such as air and land defense, air traffic management, communications, surveillance and critical-infrastructure protection. Leonardo also provides training, maintenance and other support services for its equipment.