Leonardo (OTCMKTS:FINMY) Hits New 52-Week High – Should You Buy?

Shares of Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) hit a new 52-week high during trading on Wednesday . The stock traded as high as $33.29 and last traded at $33.28, with a volume of 10838 shares. The stock had previously closed at $31.88.

Analyst Ratings Changes

Several brokerages have issued reports on FINMY. The Goldman Sachs Group upgraded shares of Leonardo to a “hold” rating in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Leonardo in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Leonardo Price Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.97 and a quick ratio of 0.59. The business’s 50-day moving average price is $28.66 and its two-hundred day moving average price is $28.64.

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.