Finning International (OTCMKTS:FINGF) Hits New 12-Month High – Time to Buy?

Finning International Inc. (OTCMKTS:FINGF)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $61.70 and last traded at $61.70, with a volume of 900 shares. The stock had previously closed at $59.9150.

Analyst Ratings Changes

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

Finning International Stock Performance

The business’s 50 day simple moving average is $54.56 and its 200 day simple moving average is $48.65.

Finning International Cuts Dividend

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