Leonardo (OTCMKTS:FINMY) Sees Unusually-High Trading Volume – Here’s Why

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) shares saw unusually-strong trading volume on Monday . Approximately 217,914 shares changed hands during mid-day trading, an increase of 238% from the previous session’s volume of 64,462 shares.The stock last traded at $32.53 and had previously closed at $31.49.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FINMY. Jefferies Financial Group restated a “buy” rating on shares of Leonardo in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered shares of Leonardo from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Leonardo Trading Up 3.2%

The firm’s 50 day moving average price is $30.90 and its two-hundred day moving average price is $29.57. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.59 and a current ratio of 0.97.

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.