Leonardo (OTCMKTS:FINMY) Sees Unusually-High Trading Volume – Should You Buy?

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) shares saw strong trading volume on Wednesday . 154,919 shares changed hands during mid-day trading, an increase of 67% from the previous session’s volume of 92,577 shares.The stock last traded at $34.10 and had previously closed at $34.00.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FINMY shares. Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 9th. Deutsche Bank Aktiengesellschaft downgraded shares of Leonardo from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Jefferies Financial Group reissued a “buy” rating on shares of Leonardo in a research note on Friday, January 30th. Finally, Citigroup upgraded Leonardo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Leonardo has an average rating of “Buy”.

Leonardo Trading Down 0.3%

The stock’s 50-day moving average is $34.20 and its 200-day moving average is $31.61.

Leonardo Company Profile

Leonardo S.p.A. is an Italy-based global aerospace, defence and security company that designs, manufactures and supports a broad range of products and systems for military, government and commercial customers. Its core activities span helicopters and fixed-wing aircraft, avionics and mission systems, air and naval defence electronics (including radars and sensors), cybersecurity and secure communications, as well as space systems and services. The company also provides systems integration, mission support, maintenance, repair and overhaul (MRO) and training services across its product lines.

The business traces its modern identity to the former Finmeccanica group and was rebranded as Leonardo in 2017, reflecting a strategic emphasis on technology, research and innovation.