Leonardo (OTCMKTS:FINMY) Shares Gap Down - Should You Sell?

Key Points

• Leonardo S.P.A. shares experienced a gap down, opening at $27.13 compared to the previous close of $28.84.
• Analysts have given Leonardo an overall rating of "Moderate Buy," with recent upgrades including a move from "hold" to "strong-buy" by Kepler Capital Markets.
• The company recently increased its dividend significantly to $0.1604 per share, representing a yield of 58.0% compared to the previous dividend of $0.05.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $28.84, but opened at $27.13. Leonardo shares last traded at $27.01, with a volume of 18,154 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have commented on FINMY. Jefferies Financial Group reaffirmed a "buy" rating on shares of Leonardo in a report on Friday, May 2nd. Kepler Capital Markets raised shares of Leonardo from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Leonardo Stock Down 1.2%

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 business's 50-day moving average is $27.78 and its 200-day moving average is $24.95.

Leonardo Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 25th were issued a $0.1604 dividend. This represents a dividend yield of 58.0%. This is a boost from Leonardo's previous dividend of $0.05. The ex-dividend date 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.