Leonardo (OTCMKTS:FINMY) Shares Gap Up – Should You Buy?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) shares gapped up prior to trading on Thursday . The stock had previously closed at $35.12, but opened at $36.76. Leonardo shares last traded at $36.34, with a volume of 9,584 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Leonardo in a report on Friday, January 30th. Barclays upgraded Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft cut Leonardo from a “buy” rating to a “hold” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Leonardo Stock Up 3.5%

The business has a fifty day simple moving average of $33.44 and a 200 day simple moving average of $30.59. The company has a current ratio of 0.97, a quick ratio of 0.59 and a debt-to-equity ratio of 0.19.

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.