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.

Shares of Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) gapped down before the market opened 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 traded.

Analysts Set New Price Targets

Several research firms recently weighed in on FINMY. Kepler Capital Markets raised Leonardo from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Leonardo in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Leonardo presently has an average rating of "Moderate Buy".

Leonardo Stock Performance

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 stock's fifty day moving average price is $28.03 and its 200 day moving average price is $24.58.

Leonardo Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 25th were paid a dividend of $0.1604 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This is a positive change from Leonardo's previous dividend of $0.05. This represents a yield of 58.0%.

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.

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