Leonardo (OTCMKTS:FINMY) Shares Gap Down – Time to Sell?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $30.55, but opened at $28.61. Leonardo shares last traded at $29.55, with a volume of 15,379 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FINMY. Jefferies Financial Group downgraded Leonardo from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Morgan Stanley reissued an “overweight” rating on shares of Leonardo in a research report on Monday, June 1st. Zacks Research raised shares of Leonardo to a “hold” rating in a research note on Friday, May 15th. Barclays upgraded shares of Leonardo from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Finally, Citigroup raised shares of Leonardo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Leonardo Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.62 and a current ratio of 0.97. The stock has a 50-day moving average price of $31.01 and a 200 day moving average price of $31.96.

Leonardo Company Profile

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.