Leonardo (OTCMKTS:FINMY) Sees Large Volume Increase - Here's What Happened

Key Points

• Leonardo S.P.A. saw a significant increase in trading volume on Monday, with approximately 555,007 shares traded, marking a 296% increase from the previous session.
• The company's stock rose 3.1%, with the last trading price at $27.32, up from a previous close of $26.50.
• Leonardo recently increased its dividend to $0.1604 from $0.05, representing a substantial dividend yield of 58.0%.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 555,007 shares were traded during trading, an increase of 296% from the previous session's volume of 140,267 shares.The stock last traded at $27.32 and had previously closed at $26.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FINMY shares. Kepler Capital Markets raised Leonardo from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Jefferies Financial Group restated a "buy" rating on shares of Leonardo in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Leonardo Stock Down 3.0%

The business's 50 day simple moving average is $27.96 and its two-hundred day simple moving average is $24.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.61 and a current ratio of 0.96.

Leonardo Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 25th were given a dividend of $0.1604 per share. This represents a dividend yield of 58.0%. The ex-dividend date was Tuesday, June 24th. This is an increase from Leonardo's previous dividend of $0.05.

Leonardo Company Profile

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.