Leonardo (OTCMKTS:FINMF) Stock Price Up 2.7% – What’s Next?

Leonardo S.p.a. (OTCMKTS:FINMF)’s share price traded up 2.7% during mid-day trading on Wednesday . The stock traded as high as $59.55 and last traded at $59.1750. Approximately 9,830 shares changed hands during trading, an increase of 137% from the average daily volume of 4,143 shares. The stock had previously closed at $57.62.

Leonardo Trading Up 2.7%

The firm’s fifty day moving average is $59.61 and its two-hundred day moving average is $65.09.

Hedge Funds Weigh In On Leonardo

A hedge fund recently raised its stake in Leonardo stock. Generali Investments CEE investicni spolecnost a.s. increased its holdings in shares of Leonardo S.p.a. (OTCMKTS:FINMF) by 33.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,482 shares of the company’s stock after acquiring 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. Institutional investors and hedge funds own 18.02% of the company’s stock.

Leonardo Company Profile

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.