Leonardo (OTCMKTS:FINMY) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Leonardo's share price surpassed its 200-day moving average of $27.86, reaching a high of $28.56 during trading.
• Multiple analysts have upgraded Leonardo's stock ratings, with Kepler Capital raising it to a "strong-buy" rating and the average rating now positioned as a "Moderate Buy."
• Leonardo S.p.a. operates across various sectors including helicopters, defense electronics, and aerospace, serving markets globally including Italy, the UK, and the US.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.86 and traded as high as $28.56. Leonardo shares last traded at $28.12, with a volume of 57,650 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Leonardo in a report on Monday, October 6th. Barclays raised Leonardo to a "hold" rating in a report on Monday, September 8th. The Goldman Sachs Group raised Leonardo to a "hold" rating in a report on Friday, September 19th. Finally, Kepler Capital Markets raised Leonardo from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Leonardo has an average rating of "Moderate Buy".

Leonardo Price Performance

The business has a 50-day simple moving average of $29.28 and a 200 day simple moving average of $27.86.

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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