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

Shares of Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 670,491 shares traded hands during mid-day trading, an increase of 444% from the previous session's volume of 123,304 shares.The stock last traded at $28.50 and had previously closed at $27.59.

Analyst Upgrades and Downgrades

FINMY has been the subject of a number of research reports. Jefferies Financial Group reissued a "buy" rating on shares of Leonardo in a report on Friday, May 2nd. UBS Group cut shares of Leonardo from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Citigroup cut shares of Leonardo from a "strong-buy" rating to a "neutral" rating in a research note on Friday, April 4th.

Leonardo Stock Up 3.2%

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 50-day moving average is $28.13 and its 200-day moving average is $23.48.

Leonardo Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 25th were given a $0.1604 dividend. This represents a yield of 0.58%. The ex-dividend date was Tuesday, June 24th. This is a boost 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.