Finning International Inc. (OTCMKTS:FINGF) Receives Average Rating of “Moderate Buy” from Analysts

Finning International Inc. (OTCMKTS:FINGF) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company.

A number of research firms have recently issued reports on FINGF. Scotiabank reiterated an “outperform” rating on shares of Finning International in a report on Thursday. CIBC reaffirmed an “outperform” rating on shares of Finning International in a research note on Monday, October 20th.

Finning International Stock Performance

Shares of OTCMKTS FINGF traded up $1.25 during trading on Thursday, reaching $64.67. 105 shares of the company traded hands, compared to its average volume of 7,381. The firm’s fifty day simple moving average is $55.74 and its 200 day simple moving average is $49.42. Finning International has a 12-month low of $23.89 and a 12-month high of $65.29.

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 dividend of $0.2161 per share. The ex-dividend date was Wednesday, November 26th. This represents a dividend yield of 165.0%.

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.