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

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $32.07, but opened at $29.72. Leonardo shares last traded at $29.74, with a volume of 9,056 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Deutsche Bank Aktiengesellschaft downgraded shares of Leonardo from a “buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Jefferies Financial Group downgraded shares of Leonardo from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Morgan Stanley reissued an “overweight” rating on shares of Leonardo in a research report on Monday, April 27th. Finally, Citigroup raised Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Leonardo Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.62. The company’s 50-day simple moving average is $33.91 and its two-hundred day simple moving average is $31.68.

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.