Leonardo (OTCMKTS:FINMY) Stock Passes Below 50 Day Moving Average – Time to Sell?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $31.89 and traded as low as $29.5175. Leonardo shares last traded at $30.10, with a volume of 43,099 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays upgraded Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Jefferies Financial Group lowered Leonardo from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Morgan Stanley restated an “overweight” rating on shares of Leonardo in a research report on Monday. Citigroup upgraded Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Finally, Zacks Research upgraded Leonardo to a “hold” rating in a research report on Friday, May 15th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Leonardo Stock Performance

The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $31.89 and a 200 day simple moving average of $31.77.

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.