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

Finning International Inc. (OTCMKTS:FINGF)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $64.18, but opened at $48.53. Finning International shares last traded at $48.53, with a volume of 6,906 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FINGF shares. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a research report on Thursday, January 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Finning International in a research report on Thursday. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Finning International in a research note on Monday, October 20th. Finally, TD Securities restated a “buy” rating on shares of Finning International in a research note on Tuesday. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Finning International Price Performance

The business’s 50-day simple moving average is $58.74 and its 200-day simple moving average is $51.27.

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

Finning International Cuts Dividend

The company also recently declared 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 dividend yield of 165.0%. The ex-dividend date was Wednesday, November 26th.

About Finning International

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.