Finning International (OTCMKTS:FINGF) Stock Jumps 5% – Here’s What Happened

Finning International Inc. (OTCMKTS:FINGF)’s share price shot up 5% during trading on Monday. The company traded as high as $72.94 and last traded at $72.89. 300 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 20,272 shares. The stock had previously closed at $69.45.

Analyst Upgrades and Downgrades

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

Finning International Stock Performance

The firm’s 50 day moving average price is $70.03 and its 200-day moving average price is $70.42. The firm has a market cap of $9.18 billion and a price-to-earnings ratio of 30.19. 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 announced its earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $1.94 billion. Finning International had a net margin of 4.93% and a return on equity of 19.85%.

Finning International Company Profile

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.