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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

Key Points

  • Leonardo's stock price has fallen below its 50-day moving average of $28.28, with the last trading price at $27.25 and a trading volume of 146,067 shares.
  • Analysts have mixed views, with Jefferies Financial Group maintaining a "buy" rating, while Citigroup downgraded the stock from "strong-buy" to "neutral."
  • Leonardo recently increased its dividend to $0.1604 per share, up from $0.05, reflecting a yield of 0.58%.
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Shares of Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $28.28 and traded as low as $26.91. Leonardo shares last traded at $27.25, with a volume of 146,067 shares traded.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a "buy" rating on shares of Leonardo in a report on Friday, May 2nd.

Read Our Latest Report on FINMY

Leonardo Price Performance

The company has a quick ratio of 0.61, a current ratio of 0.96 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average price of $28.18 and a 200 day moving average price of $24.44.

Leonardo Increases Dividend

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