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

Leonardo S.p.a. (OTCMKTS:FINMF) traded up 7.3% during trading on Thursday . The stock traded as high as $27.64 and last traded at $27.64. 708 shares changed hands 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 Price Performance

The firm has a 50 day moving average price of $24.13 and a 200 day moving average price of $24.39.

Institutional Trading of 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) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 37,095 shares of the company’s stock, valued at approximately $933,000. Institutional investors own 18.02% of the company’s stock.

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.