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

Finning International Inc. (OTCMKTS:FINGF)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $54.92, but opened at $52.11. Finning International shares last traded at $52.09, with a volume of 231 shares.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FINGF. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a report on Friday, October 17th. CIBC restated an “outperform” rating on shares of Finning International in a report on Monday, October 20th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Finning International Price Performance

The business’s 50 day moving average is $52.21 and its 200 day moving average is $46.00.

Finning International Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 11th. Stockholders of record on Thursday, November 27th were given a $0.2161 dividend. This represents a dividend yield of 165.0%. The ex-dividend date of this dividend was Wednesday, November 26th.

About Finning International

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.