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

Finning International Inc. (OTCMKTS:FINGF) shares gapped down prior to trading on Monday . The stock had previously closed at $63.80, but opened at $60.56. Finning International shares last traded at $61.65, with a volume of 1,018 shares changing hands.

Analysts Set New Price Targets

FINGF has been the topic of several recent analyst reports. TD Securities reissued a “buy” rating on shares of Finning International in a research note on Tuesday, February 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Finning International in a report on Thursday, February 12th. Finally, Scotiabank reiterated an “outperform” rating on shares of Finning International in a research report on Thursday, January 29th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Finning International Stock Performance

The company has a current ratio of 1.67, a quick ratio of 0.75 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average is $64.55 and its 200 day moving average is $56.07. The company has a market cap of $8.07 billion and a PE ratio of 85.63.

Finning International (OTCMKTS:FINGF) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.05). Finning International had a net margin of 6.03% and a return on equity of 18.01%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.85 billion.

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.