Leonardo (OTCMKTS:FINMY) Sets New 1-Year High – Here’s What Happened

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $37.20 and last traded at $37.06, with a volume of 1946 shares. The stock had previously closed at $36.93.

Analyst Upgrades and Downgrades

FINMY has been the subject of several research reports. Jefferies Financial Group reiterated a “buy” rating on shares of Leonardo in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered shares of Leonardo from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Leonardo currently has an average rating of “Moderate Buy”.

Leonardo Trading Down 0.7%

The company has a quick ratio of 0.59, a current ratio of 0.97 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $34.04 and a 200-day moving average price of $30.93.

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.