Leonardo (OTCMKTS:FINMF) Trading Up 1.8% – What’s Next?

Shares of Leonardo S.p.a. (OTCMKTS:FINMF) were up 1.8% during mid-day trading on Monday . The stock traded as high as $70.02 and last traded at $69.82. Approximately 2,031 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 3,112 shares. The stock had previously closed at $68.5550.

Leonardo Stock Performance

The company has a 50 day moving average of $58.29 and a 200 day moving average of $58.18.

Hedge Funds Weigh In On Leonardo

A hedge fund recently bought a new stake in Leonardo stock. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Leonardo S.p.a. (OTCMKTS:FINMF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,630 shares of the company’s stock, valued at approximately $598,000. Institutional investors and hedge funds own 18.02% of the company’s stock.

Leonardo Company Profile

Leonardo S.p.A., trading in the U.S. over-the-counter market as FINMF, is an Italian multinational specializing in aerospace, defense and security. The company designs, develops and manufactures a broad range of products, including helicopters, fixed-wing aircraft, defense electronics, space systems and cybersecurity solutions. Leonardo serves both civil and military clients, providing integrated platforms and support services for complex missions and operations worldwide.

Within its aerospace segment, Leonardo produces tiltrotor and multirole helicopters under the AgustaWestland brand, as well as advanced trainer and transport aircraft.