Leonardo (OTCMKTS:FINMY) Stock Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Leonardo's stock price recently surpassed its 50-day moving average of $27.52, trading at $27.76 before settling at $27.51.
• The company announced an increase in its dividend to $0.1604, representing a yield of 58.0%, up from the previous dividend of $0.05.
• Analysts have mixed ratings on Leonardo, with a majority suggesting a Moderate Buy, while Kepler Capital Markets recently upgraded its rating to strong-buy.

Shares of Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $27.52 and traded as high as $27.76. Leonardo shares last traded at $27.51, with a volume of 277,353 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Kepler Capital Markets raised shares of Leonardo from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Leonardo in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

Leonardo Stock Up 1.4%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.61 and a current ratio of 0.96. The stock's 50 day moving average is $27.46 and its two-hundred day moving average is $25.38.

Leonardo Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 25th were paid a dividend of $0.1604 per share. This represents a dividend yield of 58.0%. This is a positive change from Leonardo's previous dividend of $0.05. The ex-dividend date of this dividend was Tuesday, June 24th.

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.