Leonardo (OTCMKTS:FINMY) Reaches New 1-Year High – Here’s Why

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $34.95 and last traded at $34.43, with a volume of 71917 shares changing hands. The stock had previously closed at $34.20.

Analyst Ratings Changes

A number of analysts have issued reports on FINMY shares. The Goldman Sachs Group raised Leonardo to a “hold” rating in a research note on Friday, September 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Leonardo in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Leonardo presently has an average rating of “Moderate Buy”.

Leonardo Stock Up 0.7%

The company has a quick ratio of 0.59, a current ratio of 0.97 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $28.85 and a two-hundred day moving average price of $28.77.

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.