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

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) gapped down before the market opened on Wednesday . The stock had previously closed at $36.53, but opened at $34.98. Leonardo shares last traded at $35.26, with a volume of 7,218 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Leonardo in a research note on Friday, January 30th. Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Leonardo from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Leonardo Stock Performance

The business has a 50 day moving average of $33.31 and a 200-day moving average of $30.55. The company has a quick ratio of 0.59, a current ratio of 0.97 and a debt-to-equity ratio of 0.19.

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.