Leonardo (OTCMKTS:FINMF) Trading 7.3% Higher – Should You Buy?

Leonardo S.p.a. (OTCMKTS:FINMF)’s share price rose 7.3% during trading on Thursday . The company traded as high as $27.64 and last traded at $27.64. 708 shares were traded during mid-day trading, a decline of 61% from the average session volume of 1,793 shares. The stock had previously closed at $25.76.

Leonardo Trading Up 7.3 %

The stock has a 50 day moving average of $24.13 and a 200-day moving average of $24.39.

Institutional Investors Weigh In On Leonardo

A hedge fund recently bought a new stake in Leonardo stock. Silvercrest Asset Management Group LLC bought a new stake in shares of Leonardo S.p.a. (OTCMKTS:FINMF) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 37,095 shares of the company’s stock, valued at approximately $933,000. 18.02% of the stock is currently owned by institutional investors.

Leonardo Company Profile

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.