Leonardo (OTCMKTS:FINMY) Stock Passes Above 50 Day Moving Average – Here’s Why

Leonardo S.p.a. (OTCMKTS:FINMY) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $21.65 and traded as high as $23.75. Leonardo shares last traded at $23.75, with a volume of 132,682 shares trading hands.

Wall Street Analyst Weigh In

FINMY has been the subject of several research analyst reports. UBS Group downgraded Leonardo from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Morgan Stanley upgraded Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 16th. Finally, Citigroup downgraded Leonardo from a “strong-buy” rating to a “neutral” rating in a research report on Friday, April 4th.

Leonardo Stock Up 0.1 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.58 and a current ratio of 0.95. The business has a 50-day moving average price of $21.65 and a two-hundred day moving average price of $16.08.

About Leonardo

Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States, and internationally. The company offers a range of helicopters for battlefield, combat, maritime, training, VIP/executive transport, medical and rescue, security, energy, and utility services, as well as provides support and training services.