Leonardo (OTCMKTS:FINMF) Shares Down 0.4% – Time to Sell?

Leonardo S.p.a. (OTCMKTS:FINMF – Get Free Report) dropped 0.4% during trading on Tuesday . The stock traded as low as $60.44 and last traded at $60.44. Approximately 847 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 4,278 shares. The stock had previously closed at $60.6960.

Leonardo Price Performance

The company’s fifty day simple moving average is $64.39 and its 200 day simple moving average is $64.69.

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Institutional Trading of Leonardo

A hedge fund recently raised its stake in Leonardo stock. Generali Investments CEE investicni spolecnost a.s. lifted its holdings in Leonardo S.p.a. (OTCMKTS:FINMF – Free Report) by 33.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,482 shares of the company’s stock after buying an additional 10,903 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in Leonardo were worth $2,510,000 as of its most recent SEC filing. 18.02% of the stock is currently owned by hedge funds and other institutional investors.

About Leonardo

(Get Free Report)

Leonardo S.p.A., trading in the U.S. over-the-counter market as FINMF, is an Italian multinational specializing in aerospace, defense and security. The company designs, develops and manufactures a broad range of products, including helicopters, fixed-wing aircraft, defense electronics, space systems and cybersecurity solutions. Leonardo serves both civil and military clients, providing integrated platforms and support services for complex missions and operations worldwide.

Within its aerospace segment, Leonardo produces tiltrotor and multirole helicopters under the AgustaWestland brand, as well as advanced trainer and transport aircraft.

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