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

Finning International Inc. (OTCMKTS:FINGF) gapped down prior to trading on Tuesday . The stock had previously closed at $64.18, but opened at $48.53. Finning International shares last traded at $48.53, with a volume of 6,906 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FINGF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Finning International in a research note on Thursday, February 12th. TD Securities reaffirmed a “buy” rating on shares of Finning International in a research note on Tuesday. Finally, Scotiabank reiterated an “outperform” rating on shares of Finning International in a report on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Finning International Price Performance

The stock’s 50 day moving average price is $59.16 and its two-hundred day moving average price is $51.53.

Finning International (OTCMKTS:FINGF) last announced its earnings results on Tuesday, February 10th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.05). The company 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 disclosed a dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, November 27th were given a dividend of $0.2161 per share. This represents a dividend yield of 165.0%. The ex-dividend date of this dividend was Wednesday, November 26th.

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.