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

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $34.20, but opened at $32.92. Leonardo shares last traded at $32.7550, with a volume of 10,960 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FINMY shares. Barclays raised Leonardo from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Citigroup raised Leonardo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Jefferies Financial Group cut Leonardo from a “buy” rating to a “hold” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft cut Leonardo from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Leonardo currently has a consensus rating of “Moderate Buy”.

Leonardo Price Performance

The stock has a fifty day simple moving average of $34.28 and a 200-day simple moving average of $31.63. 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.