Finning International (OTCMKTS:FINGF) Shares Gap Down – Here’s What Happened

Finning International Inc. (OTCMKTS:FINGF)’s stock price 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.

Analyst Upgrades and Downgrades

FINGF has been the topic of a number of recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a research report on Thursday, January 29th. TD Securities restated a “buy” rating on shares of Finning International in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Finning International in a research report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Finning International currently has an average rating of “Moderate Buy”.

Finning International Stock Down 5.2%

The firm’s 50 day moving average price is $59.61 and its two-hundred day moving average price is $51.91.

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

Finning International Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, November 27th were issued a $0.2161 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a yield of 165.0%.

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.