Leonardo (OTCMKTS:FINMY) Shares Gap Down – Time to Sell?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $28.81, but opened at $26.89. Leonardo shares last traded at $27.13, with a volume of 4,456 shares traded.

Analyst Upgrades and Downgrades

FINMY has been the topic of a number of recent analyst reports. Zacks Research raised Leonardo to a “hold” rating in a research note on Friday, May 15th. Morgan Stanley reissued an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. Jefferies Financial Group cut Leonardo from a “buy” rating to a “hold” rating in a report on Monday, April 20th. Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Finally, Citigroup upgraded shares of Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Leonardo presently has a consensus rating of “Moderate Buy”.

Leonardo Price Performance

The business has a 50-day moving average of $30.81 and a 200 day moving average of $32.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.62.

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.