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

Finning International Inc. (OTCMKTS:FINGF) gapped down before the market opened on Wednesday. The stock had previously closed at $73.23, but opened at $70.16. Finning International shares last traded at $70.81, with a volume of 400 shares.

Analyst Upgrades and Downgrades

FINGF has been the subject of several recent research reports. Scotiabank reiterated an “outperform” rating on shares of Finning International in a research note 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 investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Finning International Price Performance

The company’s 50-day moving average price is $70.13 and its 200-day moving average price is $70.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 1.47.

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

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.