Leonardo (OTCMKTS:FINMY) Shares Gap Up - Here's Why

Key Points

• Leonardo's share price gapped up to $28.77 from a previous close of $27.51, with recent trading volumes reaching 21,425 shares.
• Kepler Capital Markets raised Leonardo from a "hold" to a "strong-buy", contributing to the stock's average rating of "Moderate Buy" from analysts.
• The company announced a dividend increase to $0.1604, representing a significant boost with a dividend yield of 58.0%.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $27.51, but opened at $28.77. Leonardo shares last traded at $28.82, with a volume of 21,425 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group restated a "buy" rating on shares of Leonardo in a report on Friday, May 2nd. Kepler Capital Markets upgraded shares of Leonardo from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Leonardo Stock Up 1.5%

The business's 50 day simple moving average is $27.41 and its 200 day simple moving average is $25.55. 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 business also recently disclosed a dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 25th were given a $0.1604 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This is a boost from Leonardo's previous dividend of $0.05. This represents a dividend 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.