Leonardo (OTCMKTS:FINMY) Sees Strong Trading Volume – Still a Buy?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw an uptick in trading volume on Thursday. Approximately 110,904 shares were traded during trading, an increase of 44% from the previous session’s volume of 76,899 shares. The stock last traded at $26.50 and had previously closed at $26.21.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FINMY. Barclays reiterated an “overweight” rating on shares of Leonardo in a research report on Friday, July 3rd. DZ Bank raised Leonardo to a “strong-buy” rating in a research note on Tuesday, July 21st. Jefferies Financial Group upgraded Leonardo from a “hold” rating to a “buy” rating in a report on Thursday, July 9th. Royal Bank Of Canada started coverage on Leonardo in a research note on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Finally, BNP Paribas Exane upgraded shares of Leonardo to an “outperform” rating in a report on Thursday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Leonardo presently has an average rating of “Buy”.

Leonardo Stock Up 2.6%

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.90 and a quick ratio of 0.52. The stock has a 50-day simple moving average of $29.78 and a two-hundred day simple moving average of $30.40.

About Leonardo

Leonardo S.p.A. is an Italian aerospace, defense and security company headquartered in Rome. The company develops and supplies helicopters, military and commercial aircraft, aerostructures, defense electronics, radar and communication systems, cybersecurity solutions, and integrated defense and security systems.

Leonardo serves governments, armed forces, civil aviation customers and industrial partners in Italy and international markets. Its activities extend across Europe, North America and other global regions, with products and services used in areas including air defense, battlefield management, secure communications, surveillance, transportation and critical-infrastructure protection.