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Leonardo (OTCMKTS:FINMY) Share Price Passes Below Fifty Day Moving Average - Here's Why

Leonardo logo with Business Services background

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Citigroup cut shares of Leonardo from a "strong-buy" rating to a "neutral" rating in a research note on Friday, April 4th. Jefferies Financial Group restated a "buy" rating on shares of Leonardo in a research report on Friday, May 2nd. Finally, UBS Group cut Leonardo from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th.

Read Our Latest Report on FINMY

Leonardo Price Performance

The business has a 50 day moving average price of $27.68 and a 200 day moving average price of $21.69. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.96 and a quick ratio of 0.61.

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. This represents a yield of 0.58%. The ex-dividend date is Tuesday, June 24th. This is an increase from Leonardo's previous dividend of $0.05.

About Leonardo

(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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