Leonardo (OTCMKTS:FINMY) Shares Gap Down – Should You Sell?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $28.98, but opened at $27.49. Leonardo shares last traded at $28.0050, with a volume of 12,701 shares traded.

Analysts Set New Price Targets

Several equities analysts have weighed in on FINMY shares. Barclays upgraded Leonardo to a “hold” rating in a research note on Monday, September 8th. Kepler Capital Markets upgraded shares of Leonardo from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Leonardo in a research report on Monday, October 6th. Finally, The Goldman Sachs Group raised shares of Leonardo to a “hold” rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Leonardo Stock Down 4.8%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.59 and a current ratio of 0.97. The company’s 50 day moving average price is $30.05 and its 200-day moving average price is $28.65.

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.