Toromont Industries (OTCMKTS:TMTNF) Shares Gap Down – Should You Sell?

Toromont Industries Ltd. (OTCMKTS:TMTNF)’s share price gapped down prior to trading on Friday. The stock had previously closed at $158.45, but opened at $151.60. Toromont Industries shares last traded at $151.60, with a volume of 100 shares.

Analyst Ratings Changes

Several research analysts recently weighed in on TMTNF shares. Raymond James Financial raised Toromont Industries to a “market perform” rating in a research report on Thursday, June 18th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Toromont Industries in a research report on Thursday, July 30th. Scotiabank reissued a “sector perform” rating on shares of Toromont Industries in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Toromont Industries Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 2.73 and a quick ratio of 1.68. The stock’s 50 day simple moving average is $152.18 and its 200-day simple moving average is $155.30. The stock has a market capitalization of $12.19 billion and a price-to-earnings ratio of 45.55.

Toromont Industries (OTCMKTS:TMTNF) last posted its earnings results on Tuesday, July 28th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.85 by $0.24. Toromont Industries had a net margin of 9.25% and a return on equity of 15.53%. The firm had revenue of $797.03 million for the quarter, compared to the consensus estimate of $1.04 billion.

About Toromont Industries

Toromont Industries is a Canadian company that provides equipment, refrigeration systems and related services through two principal business groups: the Equipment Group and CIMCO Refrigeration. The company serves customers in industries including construction, mining, infrastructure, natural resources, agriculture, food and beverage, and industrial processing.

Through its Equipment Group, Toromont operates Caterpillar dealerships and offers new and used heavy equipment, engines, power systems, parts, maintenance, repair and equipment rental services.