Finning International (OTCMKTS:FINGF) Shares Down 6.8% – Here’s Why

Shares of Finning International Inc. (OTCMKTS:FINGF) fell 6.8% during trading on Wednesday . The stock traded as low as $69.77 and last traded at $69.77. 200 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 6,478 shares. The stock had previously closed at $74.84.

Analyst Ratings Changes

FINGF has been the subject of a number of analyst reports. Scotiabank restated an “outperform” rating on shares of Finning International in a research report on Friday, May 15th. Royal Bank Of Canada restated an “outperform” rating on shares of Finning International in a research report on Thursday, February 12th. BMO Capital Markets restated an “outperform” rating on shares of Finning International in a research report on Thursday, May 14th. Finally, TD Securities restated a “buy” rating on shares of Finning International in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “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 has a market capitalization of $9.52 billion and a price-to-earnings ratio of 49.92. The stock’s 50 day moving average price is $67.62 and its two-hundred day moving average price is $61.63.

Finning International (OTCMKTS:FINGF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Finning International had a net margin of 6.34% and a return on equity of 19.44%. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.82 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.