Leonardo (OTCMKTS:FINMF) Shares Up 7.5% – Here’s What Happened

Leonardo S.p.a. (OTCMKTS:FINMF)’s share price shot up 7.5% during trading on Wednesday . The company traded as high as $56.7740 and last traded at $56.5920. 1,784 shares traded hands during trading, a decline of 56% from the average daily volume of 4,077 shares. The stock had previously closed at $52.6625.

Leonardo Price Performance

The business has a 50 day moving average of $60.79 and a 200 day moving average of $64.98.

Institutional Investors Weigh In On Leonardo

An institutional investor recently bought a new stake in Leonardo stock. Atlas Capital Advisors Inc. purchased a new stake in shares of Leonardo S.p.a. (OTCMKTS:FINMF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,410 shares of the company’s stock, valued at approximately $255,000. Hedge funds and other institutional investors own 18.02% of the company’s stock.

Leonardo Company Profile

Leonardo S.p.A., trading in the U.S. over-the-counter market as FINMF, is an Italian multinational specializing in aerospace, defense and security. The company designs, develops and manufactures a broad range of products, including helicopters, fixed-wing aircraft, defense electronics, space systems and cybersecurity solutions. Leonardo serves both civil and military clients, providing integrated platforms and support services for complex missions and operations worldwide.

Within its aerospace segment, Leonardo produces tiltrotor and multirole helicopters under the AgustaWestland brand, as well as advanced trainer and transport aircraft.