Leonardo (OTCMKTS:FINMY) Sees Strong Trading Volume – Time to Buy?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw strong trading volume on Thursday . 160,290 shares traded hands during mid-day trading, an increase of 117% from the previous session’s volume of 73,729 shares.The stock last traded at $29.03 and had previously closed at $28.76.

Analysts Set New Price Targets

FINMY has been the subject of a number of analyst reports. DZ Bank upgraded Leonardo to a “strong-buy” rating in a research note on Tuesday, July 21st. Barclays reiterated an “overweight” rating on shares of Leonardo in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Leonardo in a report on Friday, August 14th. Morgan Stanley restated an “overweight” rating on shares of Leonardo in a report on Monday, June 1st. Finally, Royal Bank Of Canada assumed coverage on shares of Leonardo in a research report 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 two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Leonardo presently has a consensus rating of “Buy”.

Leonardo Price Performance

The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $30.86 and a two-hundred day simple moving average of $31.51.

About Leonardo

Leonardo S.p.A. is an Italian aerospace, defense and security company headquartered in Rome. The company develops and manufactures helicopters, military and commercial aircraft, aircraft structures, defense electronics, radar and communication systems, cybersecurity solutions, and space-related technologies and services.

Leonardo serves government and commercial customers in Italy and international markets, with operations and partnerships across Europe, North America and other regions.