Leonardo (OTCMKTS:FINMY) Shares Gap Up – What’s Next?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $27.80, but opened at $29.43. Leonardo shares last traded at $29.8410, with a volume of 2,176 shares changing hands.

Analyst Ratings Changes

FINMY has been the subject of several recent analyst reports. Barclays reaffirmed an “overweight” rating on shares of Leonardo in a research report on Friday. Jefferies Financial Group lowered Leonardo from a “buy” rating to a “hold” rating in a report on Monday, April 20th. Zacks Research upgraded Leonardo to a “hold” rating in a research note on Friday, May 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Leonardo in a report on Monday, June 1st. Finally, Citigroup raised Leonardo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Leonardo presently has a consensus rating of “Moderate Buy”.

Leonardo Stock Performance

The company has a current ratio of 0.97, a quick ratio of 0.62 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $29.82 and its two-hundred day simple moving average is $31.96.

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.