Finning International (OTCMKTS:FINGF) Shares Gap Down – What’s Next?

Finning International Inc. (OTCMKTS:FINGF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $65.41, but opened at $62.39. Finning International shares last traded at $62.39, with a volume of 100 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FINGF. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a report on Tuesday, July 7th. BMO Capital Markets reiterated an “outperform” rating on shares of Finning International in a research note on Friday, August 7th. Finally, TD Securities reissued a “buy” rating on shares of Finning International in a research report on Wednesday, June 10th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Finning International Price Performance

The company has a quick ratio of 0.70, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $8.44 billion and a price-to-earnings ratio of 27.72. The business’s 50 day simple moving average is $69.04 and its 200-day simple moving average is $68.79.

Finning International (OTCMKTS:FINGF) last issued its earnings results on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.83 by $0.05. Finning International had a net margin of 4.93% and a return on equity of 20.17%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $1.94 billion.

Finning International Company Profile

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.