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Leonardo (OTCMKTS:FINMY) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

Leonardo logo with Business Services background

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $28.08 and traded as low as $27.41. Leonardo shares last traded at $27.57, with a volume of 63,951 shares traded.

Analyst Ratings Changes

FINMY has been the subject of a number of analyst reports. Citigroup downgraded shares of Leonardo from a "strong-buy" rating to a "neutral" rating in a research report on Friday, April 4th. UBS Group cut Leonardo from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Leonardo in a research note on Friday, May 2nd.

Check Out Our Latest Report on FINMY

Leonardo Stock Performance

The company's fifty day simple moving average is $28.08 and its 200 day simple moving average is $22.85. 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 declared a dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 25th were issued a $0.1604 dividend. This is a boost from Leonardo's previous dividend of $0.05. This represents a yield of 0.58%. The ex-dividend date of this dividend was Tuesday, June 24th.

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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