Leonardo (OTCMKTS:FINMY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw an uptick in trading volume on Thursday . Approximately 160,290 shares traded hands during mid-day trading, an increase of 117% from the previous session’s volume of 73,729 shares.The stock last traded at $29.03 and had previously closed at $28.76.

Analyst Ratings Changes

FINMY has been the subject of a number of analyst reports. BNP Paribas Exane upgraded shares of Leonardo to an “outperform” rating in a research note on Thursday, September 10th. Jefferies Financial Group upgraded shares of Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Royal Bank Of Canada started coverage on shares of Leonardo in a report on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Barclays reissued an “overweight” rating on shares of Leonardo in a research report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Leonardo in a report on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Leonardo Stock Performance

The company has a current ratio of 0.97, a quick ratio of 0.62 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $30.82 and a 200 day moving average of $31.46.

About Leonardo

Leonardo S.p.A. is an Italian aerospace, defense and security company headquartered in Rome. The company develops and manufactures helicopters, military and commercial aircraft, aircraft structures, defense electronics, radar and communication systems, cybersecurity solutions, and space-related technologies and services.

Leonardo serves government and commercial customers in Italy and international markets, with operations and partnerships across Europe, North America and other regions.