Leonardo (OTCMKTS:FINMY) Reaches New 12-Month High After Analyst Upgrade

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) shares hit a new 52-week high during trading on Monday after Barclays upgraded the stock from an equal weight rating to an overweight rating. The stock traded as high as $35.43 and last traded at $35.39, with a volume of 12107 shares. The stock had previously closed at $34.03.

A number of other research analysts have also recently commented on the company. Jefferies Financial Group restated a “buy” rating on shares of Leonardo in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft cut Leonardo from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Leonardo Stock Performance

The company has a quick ratio of 0.59, a current ratio of 0.97 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $33.15 and a 200 day moving average price of $30.49.

Leonardo Company Profile

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.