Leonardo (OTCMKTS:FINMY) Stock Price Down 3.9% – Time to Sell?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) fell 3.9% during trading on Thursday . The company traded as low as $32.89 and last traded at $33.1330. 21,472 shares were traded during trading, a decline of 70% from the average session volume of 71,686 shares. The stock had previously closed at $34.48.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft downgraded shares of Leonardo from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Leonardo presently has a consensus rating of “Hold”.

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 company has a 50-day moving average price of $29.74 and a two-hundred day moving average price of $29.19.

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.