Leonardo (OTCMKTS:FINMY) Sees Large Volume Increase – Here’s What Happened

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw an uptick in trading volume on Thursday . 160,290 shares changed hands during trading, an increase of 117% from the previous session’s volume of 73,729 shares.The stock last traded at $29.03 and had previously closed at $28.76.

Wall Street Analyst Weigh In

FINMY has been the topic of a number of recent research reports. Barclays restated an “overweight” rating on shares of Leonardo in a research note on Friday, July 3rd. Royal Bank Of Canada started coverage on shares of Leonardo in a research report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Leonardo in a research report on Friday, August 14th. BNP Paribas Exane upgraded Leonardo to an “outperform” rating in a research note on Thursday, September 10th. Finally, Jefferies Financial Group raised Leonardo from a “hold” rating to a “buy” rating in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Leonardo Stock Up 0.8%

The company has a 50 day simple moving average of $30.86 and a 200 day simple moving average of $31.51. The company has a current ratio of 0.97, a quick ratio of 0.62 and a debt-to-equity ratio of 0.18.

Leonardo Company Profile

Leonardo S.p.A. is an Italian aerospace, defense and security company headquartered in Rome. The company develops and manufactures helicopters, military and commercial aircraft, aircraft structures, defense electronics, radar and communication systems, cybersecurity solutions, and space-related technologies and services.

Leonardo serves government and commercial customers in Italy and international markets, with operations and partnerships across Europe, North America and other regions.