Finning International (OTCMKTS:FINGF) Hits New 1-Year High – Time to Buy?

Finning International Inc. (OTCMKTS:FINGF)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $65.51 and last traded at $65.19, with a volume of 942 shares. The stock had previously closed at $63.11.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Scotiabank reissued an “outperform” rating on shares of Finning International in a research note on Thursday, January 29th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Finning International in a research note on Monday, October 20th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Finning International Stock Performance

The company has a 50 day simple moving average of $57.37 and a 200 day simple moving average of $50.37.

Finning International Cuts Dividend

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

Finning International Company Profile

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.