Finning International (OTCMKTS:FINGF) Shares Gap Down – Time to Sell?

Shares of Finning International Inc. (OTCMKTS:FINGF) gapped down before the market opened on Monday . The stock had previously closed at $66.69, but opened at $64.15. Finning International shares last traded at $64.15, with a volume of 624 shares traded.

Analysts Set New Price Targets

A number of research firms have commented on FINGF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Finning International in a research note on Thursday, February 12th. TD Securities reaffirmed a “buy” rating on shares of Finning International in a research report on Tuesday, February 17th. Finally, Scotiabank reiterated an “outperform” rating on shares of Finning International in a research note on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Finning International Trading Down 5.2%

The business has a 50-day moving average price of $59.61 and a two-hundred day moving average price of $51.91.

Finning International (OTCMKTS:FINGF) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.85 billion.

Finning International Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, December 11th. Shareholders of record on Thursday, November 27th were paid a dividend of $0.2161 per share. This represents a yield of 165.0%. The ex-dividend date of this dividend was Wednesday, November 26th.

Finning International Company Profile

Finning International Inc operates as the world’s largest dealer of Caterpillar machinery, engines and power systems, providing a comprehensive range of sales, rental, parts and service solutions. The company’s core offerings encompass medium- and heavy-duty equipment for industries such as mining, construction, energy, forestry and transportation, along with bespoke power generation packages and digital monitoring tools. Through maintenance contracts and cost-per-hour service agreements, Finning helps customers optimize equipment uptime and total lifecycle costs.

Founded in Vancouver, British Columbia, in 1933, Finning has grown from a single dealership to a global enterprise headquartered in Vancouver’s downtown business district.