Leonardo (OTCMKTS:FINMY) Stock Price Breaks Below 50 Day Moving Average - What's Next?

Key Points

• Leonardo shares fell below their 50-day moving average, trading as low as $26.93 and last changing hands at $27.14, versus a 50-day average of $28.85.
• Despite the technical weakness, analysts remain broadly positive: Leonardo has a consensus “Buy” rating, including two Strong Buy and six Buy ratings.
• Leonardo is an Italian aerospace, defense and security company offering helicopters, aircraft, defense electronics, cybersecurity and space technologies; its debt-to-equity ratio is relatively low at 0.16.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $28.85 and traded as low as $26.93. Leonardo shares last traded at $27.14, with a volume of 82,077 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on FINMY. Jefferies Financial Group upgraded shares of Leonardo from a "hold" rating to a "buy" rating in a research report on Thursday, July 9th. Barclays restated an "overweight" rating on shares of Leonardo in a research note on Friday, July 3rd. DZ Bank raised shares of Leonardo to a "strong-buy" rating in a research note on Tuesday, July 21st. BNP Paribas Exane raised Leonardo to an "outperform" rating in a research report on Thursday, September 10th. Finally, Royal Bank Of Canada initiated coverage on Leonardo in a research note on Tuesday, August 11th. They issued a "moderate buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy".

Leonardo Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.52 and a current ratio of 0.90. The stock has a 50-day moving average price of $28.85 and a 200-day moving average price of $30.09.

Leonardo Company Profile

Leonardo S.p.A. is an Italian aerospace, defense and security company formerly known as Finmeccanica. The company adopted the Leonardo name in 2016 and is headquartered in Rome, Italy. It serves government, defense and commercial customers in Italy and international markets.

Leonardo's activities include the design, development and production of helicopters, military and civil aircraft, aircraft structures, defense electronics, radar and communication systems, cybersecurity solutions, and space technologies.

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