Leonardo (OTCMKTS:FINMY) Shares Gap Down - Here's What Happened

Key Points

• Leonardo (OTCMKTS:FINMY) shares gapped down, opening at $30.64 after a previous close of $32.05, with trading volume at 16,147 shares.
• Analysts have upgraded their ratings for Leonardo, with Goldman Sachs and Barclays both setting a "hold" rating, while Kepler Capital Markets upgraded to "strong-buy."
• The stock's current fifty-day simple moving average stands at $29.01 and the two-hundred-day average at $27.65.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $32.05, but opened at $30.64. Leonardo shares last traded at $30.70, with a volume of 16,147 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently commented on FINMY. The Goldman Sachs Group raised shares of Leonardo to a "hold" rating in a research note on Friday, September 19th. Barclays raised shares of Leonardo to a "hold" rating in a research note on Monday, September 8th. Kepler Capital Markets raised shares of Leonardo from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Leonardo in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Leonardo Price Performance

The stock has a fifty day simple moving average of $29.01 and a two-hundred day simple moving average of $27.65.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.