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Leonardo (OTCMKTS:FINMY) Stock Price Passes Below 50 Day Moving Average - Here's What Happened

Leonardo logo with Business Services background

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report)'s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $27.68 and traded as low as $26.68. Leonardo shares last traded at $26.93, with a volume of 129,732 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on FINMY. UBS Group lowered Leonardo from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Citigroup lowered Leonardo from a "strong-buy" rating to a "neutral" rating in a research report on Friday, April 4th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Leonardo in a research report on Friday, May 2nd.

Get Our Latest Analysis on Leonardo

Leonardo Trading Down 3.3%

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 firm has a 50-day moving average of $27.76 and a two-hundred day moving average of $22.01.

Leonardo Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 25th will be paid a $0.1604 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a yield of 0.58%. This is an increase from Leonardo's previous dividend of $0.05.

Leonardo Company Profile

(Get Free Report)

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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