Leonardo (OTCMKTS:FINMY) Shares Gap Down – What’s Next?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $32.01, but opened at $30.06. Leonardo shares last traded at $29.96, with a volume of 1,933 shares.

Wall Street Analyst Weigh In

A number of research firms have commented on FINMY. Zacks Research upgraded shares of Leonardo to a “hold” rating in a research note on Friday, May 15th. DZ Bank raised shares of Leonardo to a “strong-buy” rating in a research note on Tuesday, July 21st. Barclays reissued an “overweight” rating on shares of Leonardo in a research note on Friday, July 3rd. Morgan Stanley restated an “overweight” rating on shares of Leonardo in a research report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Leonardo in a report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Leonardo Stock Performance

The firm has a 50 day moving average of $30.72 and a 200-day moving average of $31.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.62 and a current ratio of 0.97.

Leonardo Company Profile

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.