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

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) shares gapped down prior to trading on Monday . The stock had previously closed at $32.07, but opened at $29.72. Leonardo shares last traded at $29.74, with a volume of 9,056 shares changing hands.

Analyst Ratings Changes

A number of brokerages have weighed in on FINMY. Barclays raised Leonardo from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Deutsche Bank Aktiengesellschaft lowered Leonardo from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. Jefferies Financial Group lowered Leonardo from a “buy” rating to a “hold” rating in a research note on Monday, April 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Leonardo in a research note on Monday, April 27th. Finally, Citigroup raised Leonardo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Leonardo Stock Down 2.2%

The firm has a 50 day moving average of $33.72 and a two-hundred day moving average of $31.70. The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 0.18.

About Leonardo

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.