Finning International (OTCMKTS:FINGF) Stock Price Up 6.2% – Time to Buy?

Finning International Inc. (OTCMKTS:FINGF) shares shot up 6.2% on Tuesday . The company traded as high as $73.74 and last traded at $73.74. 501 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 17,716 shares. The stock had previously closed at $69.41.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Securities reaffirmed a “buy” rating on shares of Finning International in a report on Wednesday, June 10th. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a research note on Tuesday, July 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Finning International in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Finning International presently has an average rating of “Buy”.

Finning International Stock Up 6.2%

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 1.47. The firm has a fifty day simple moving average of $68.55 and a 200-day simple moving average of $68.85. The company has a market capitalization of $9.60 billion and a PE ratio of 31.51.

Finning International (OTCMKTS:FINGF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.05. Finning International had a return on equity of 19.85% and a net margin of 4.93%.The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $1.94 billion.

Finning International Company Profile

Finning International Inc is a Canadian industrial equipment dealer and one of the world’s largest dealers of Caterpillar products. The company sells, rents and supports heavy equipment used in mining, construction, forestry, energy, transportation and other industrial applications.

Its offerings include new and used Caterpillar machinery, engines, power systems, parts and related technologies. Finning also provides equipment maintenance and repair, component rebuilding, fleet management, rental services and other aftermarket support designed to help customers maintain productivity throughout the life of their equipment.

Founded in 1933 by Earl B.