Leonardo (OTCMKTS:FINMY) Stock Crosses Above 50 Day Moving Average - Here's Why

Leonardo S.p.a. (OTCMKTS:FINMY - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $23.07 and traded as high as $26.06. Leonardo shares last traded at $25.47, with a volume of 72,456 shares changing hands.

Wall Street Analysts Forecast Growth

FINMY has been the subject of several recent analyst reports. Citigroup cut Leonardo from a "strong-buy" rating to a "neutral" rating in a research note on Friday, April 4th. UBS Group lowered shares of Leonardo from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Morgan Stanley raised shares of Leonardo from an "equal weight" rating to an "overweight" rating in a research note on Thursday, January 16th.

Leonardo Trading Up 0.6 %

The company has a current ratio of 0.95, a quick ratio of 0.58 and a debt-to-equity ratio of 0.26. The stock's fifty day simple moving average is $23.60 and its 200-day simple moving average is $17.02.

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.