Leonardo (OTCMKTS:FINMY) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $27.52 and traded as high as $27.76. Leonardo shares last traded at $27.51, with a volume of 277,353 shares changing hands.

Wall Street Analyst Weigh In

FINMY has been the subject of a number of recent analyst reports. Kepler Capital Markets upgraded Leonardo from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. Jefferies Financial Group reiterated a “buy” rating on shares of Leonardo in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Leonardo Stock Down 1.3%

The firm has a fifty day simple moving average of $27.52 and a 200-day simple moving average of $25.15. The company has a quick ratio of 0.61, a current ratio of 0.96 and a debt-to-equity ratio of 0.23.

Leonardo Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 25th were issued a $0.1604 dividend. This represents a dividend yield of 58.0%. This is an increase from Leonardo’s previous dividend of $0.05. The ex-dividend date was Tuesday, June 24th.

Leonardo Company Profile

Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States, and internationally. The company offers a range of helicopters for battlefield, combat, maritime, training, VIP/executive transport, medical and rescue, security, energy, and utility services, as well as provides support and training services.