Finning International (OTCMKTS:FINGF) Stock Price Down 4.3% – Here’s Why

Finning International Inc. (OTCMKTS:FINGF) shares were down 4.3% during trading on Tuesday. The company traded as low as $70.10 and last traded at $70.10. Approximately 1,930 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 20,090 shares. The stock had previously closed at $73.23.

Analysts Set New Price Targets

Several equities research analysts have commented on FINGF shares. Scotiabank reissued an “outperform” rating on shares of Finning International in a report on Tuesday, July 7th. BMO Capital Markets reissued an “outperform” rating on shares of Finning International in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Finning International currently has a consensus rating of “Buy”.

Finning International Price Performance

The business’s 50 day moving average price is $69.96 and its 200 day moving average price is $70.37. The stock has a market capitalization of $9.11 billion and a P/E ratio of 29.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.47 and a quick ratio of 0.65.

Finning International (OTCMKTS:FINGF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $1.94 billion. Finning International had a net margin of 4.93% and a return on equity of 19.85%.

About Finning International

Finning International Inc is a Canadian distributor of Caterpillar equipment and related products. The company sells and rents heavy equipment used in construction, mining, forestry, energy, transportation and other industrial applications. Its offerings include earthmoving machinery, engines, power systems, replacement parts and work tools.

In addition to equipment sales, Finning provides maintenance, repair, rebuilding, field support, technology solutions and equipment-management services.