Leonardo (OTCMKTS:FINMY) Sees Strong Trading Volume - What's Next?

Key Points

• Leonardo (OTCMKTS:FINMY) experienced a significant increase in trading volume, with approximately 458,572 shares exchanged, marking a 231% rise from the previous session.
• Several analysts have upgraded Leonardo's stock ratings, with one firm raising it to a "strong-buy" while others indicated a "buy" or "hold" rating; the consensus rating is "Moderate Buy."
• The stock last traded at $29.08, slightly down from its previous close of $30.36, amidst ongoing market attention.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 458,572 shares were traded during mid-day trading, an increase of 231% from the previous session's volume of 138,744 shares.The stock last traded at $29.08 and had previously closed at $30.36.

Analyst Upgrades and Downgrades

FINMY has been the subject of several analyst reports. The Goldman Sachs Group raised shares of Leonardo to a "hold" rating in a research report on Friday, September 19th. Kepler Capital Markets raised shares of Leonardo from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Leonardo in a research report on Monday, October 6th. Finally, Barclays raised shares of Leonardo to a "hold" rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Leonardo has a consensus rating of "Moderate Buy".

Leonardo Price Performance

The company's 50-day simple moving average is $29.21 and its two-hundred day simple moving average is $27.79.

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.

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