Leonardo (OTCMKTS:FINMY) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• Leonardo S.P.A. shares have recently crossed above their 50-day moving average of $27.42, reaching a high of $28.30 during trading.
• Analyst ratings for Leonardo are generally positive, with Jefferies Financial Group reaffirming a "buy" rating, while Kepler Capital Markets upgraded the stock to a "strong-buy" rating.
• The company announced a significant dividend increase, raising the payout from $0.05 to $0.1604 per share, resulting in a dividend yield of 58.0%.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $27.42 and traded as high as $28.30. Leonardo shares last traded at $28.28, with a volume of 49,642 shares traded.

Analyst Upgrades and Downgrades

FINMY has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of Leonardo in a research report on Friday, May 2nd. Kepler Capital Markets raised Leonardo from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Leonardo presently has an average rating of "Moderate Buy".

Leonardo Stock Performance

The firm has a 50-day simple moving average of $27.42 and a two-hundred day simple moving average of $25.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.61 and a current ratio of 0.96.

Leonardo Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 25th were given a dividend of $0.1604 per share. This is a boost from Leonardo's previous dividend of $0.05. The ex-dividend date was Tuesday, June 24th. 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.

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