Leonardo (OTCMKTS:FINMY) Shares Cross Above Fifty Day Moving Average - What's Next?

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) passed 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 trading hands.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded shares of Leonardo from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Leonardo Trading Up 0.7%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.61 and a current ratio of 0.96. The firm's 50 day moving average is $27.49 and its 200-day moving average is $26.22.

Leonardo Increases Dividend

The company also recently disclosed 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 dividend yield of 58.0%.

About Leonardo

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.