Leonardo (OTCMKTS:FINMY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw an uptick in trading volume on Thursday. 110,904 shares were traded during mid-day trading, an increase of 44% from the previous session’s volume of 76,899 shares. The stock last traded at $26.50 and had previously closed at $26.21.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BNP Paribas Exane raised shares of Leonardo to an “outperform” rating in a research note on Thursday, September 10th. DZ Bank raised shares of Leonardo to a “strong-buy” rating in a research report on Tuesday, July 21st. Jefferies Financial Group raised shares of Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Barclays reissued an “overweight” rating on shares of Leonardo in a research note on Friday, July 3rd. Finally, Royal Bank Of Canada began coverage on Leonardo in a research report on Tuesday, August 11th. They set a “moderate buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Leonardo Stock Up 4.2%

The firm has a 50-day moving average price of $29.54 and a two-hundred day moving average price of $30.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.52 and a current ratio of 0.90.

About Leonardo

Leonardo S.p.A. is an Italian aerospace, defense and security company headquartered in Rome. The company develops and supplies helicopters, military and commercial aircraft, aerostructures, defense electronics, radar and communication systems, cybersecurity solutions, and integrated defense and security systems.

Leonardo serves governments, armed forces, civil aviation customers and industrial partners in Italy and international markets. Its activities extend across Europe, North America and other global regions, with products and services used in areas including air defense, battlefield management, secure communications, surveillance, transportation and critical-infrastructure protection.