Leonardo (OTCMKTS:FINMY) Hits New 52-Week High - What's Next?

Key Points

• Leonardo S.P.A. shares reached a new 52-week high, trading at $31.83, which is a notable increase from its previous close at $30.93.
• Analysts have varied opinions on the stock, with ratings ranging from "Strong Buy" to "Hold." The average rating stands at "Moderate Buy."
• The company operates in multiple sectors including helicopters, defense electronics, and aerospace, enhancing its market presence across various global regions.

Shares of Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $31.83 and last traded at $31.82, with a volume of 13804 shares traded. The stock had previously closed at $30.93.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Leonardo to a "hold" rating in a research note on Friday, September 19th. Kepler Capital Markets raised shares of Leonardo from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Finally, Barclays raised shares of Leonardo to a "hold" rating in a research note on Monday, September 8th. One 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. According to MarketBeat.com, Leonardo has an average rating of "Moderate Buy".

Leonardo Stock Performance

The company has a current ratio of 0.96, a quick ratio of 0.61 and a debt-to-equity ratio of 0.23. The business's fifty day simple moving average is $28.22 and its two-hundred day simple moving average is $27.26.

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.

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