Leonardo (OTCMKTS:FINMY) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMYGet Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.96 and traded as low as $30.6150. Leonardo shares last traded at $31.39, with a volume of 38,518 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FINMY shares. Barclays reiterated an “overweight” rating on shares of Leonardo in a report on Friday, July 3rd. Zacks Research upgraded shares of Leonardo to a “hold” rating in a report on Friday, May 15th. Jefferies Financial Group raised shares of Leonardo from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Morgan Stanley reiterated an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. Finally, DZ Bank upgraded shares of Leonardo to a “strong-buy” rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Get Our Latest Stock Report on FINMY

Leonardo Trading Up 0.6%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.62 and a current ratio of 0.97. The company has a 50-day simple moving average of $29.58 and a two-hundred day simple moving average of $31.96.

Leonardo Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Leonardo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leonardo and related companies with MarketBeat.com's FREE daily email newsletter.