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

Finning International Inc. (OTCMKTS:FINGF) gapped down before the market opened on Monday . The stock had previously closed at $77.07, but opened at $73.98. Finning International shares last traded at $74.26, with a volume of 370 shares trading hands.

Analyst Ratings Changes

Several research firms have recently weighed in on FINGF. Scotiabank reissued an “outperform” rating on shares of Finning International in a report on Friday, May 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Finning International in a report on Thursday, February 12th. TD Securities reaffirmed a “buy” rating on shares of Finning International in a report on Tuesday, May 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Finning International in a report on Monday. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Finning International Stock Up 0.1%

The company’s 50 day moving average price is $70.12 and its two-hundred day moving average price is $63.39. The company has a quick ratio of 0.75, a current ratio of 1.67 and a debt-to-equity ratio of 0.43. The stock has a market cap of $9.63 billion and a P/E ratio of 50.51.

Finning International (OTCMKTS:FINGF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.82 billion. Finning International had a net margin of 6.34% and a return on equity of 19.44%.

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.