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

Shares of Finning International Inc. (OTCMKTS:FINGF) gapped down before the market opened on Wednesday . The stock had previously closed at $54.11, but opened at $49.95. Finning International shares last traded at $49.95, with a volume of 125 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. CIBC reiterated an “outperform” rating on shares of Finning International in a research report on Monday, October 20th. Scotiabank restated an “outperform” rating on shares of Finning International in a research note on Friday, October 17th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Finning International Stock Down 7.7%

The stock’s 50 day simple moving average is $53.15 and its 200 day simple moving average is $47.03.

Finning International Cuts Dividend

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