Toromont Industries (OTCMKTS:TMTNF) Shares Gap Down – What’s Next?

Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF) gapped down before the market opened on Monday. The stock had previously closed at $144.70, but opened at $137.00. Toromont Industries shares last traded at $137.00, with a volume of 175 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TMTNF. Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Toromont Industries in a research note on Thursday, July 30th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Toromont Industries in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Toromont Industries Stock Down 1.2%

The firm has a market capitalization of $11.18 billion and a PE ratio of 41.77. The company has a fifty day moving average price of $150.43 and a 200-day moving average price of $150.82. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 2.73.

Toromont Industries Company Profile

Toromont Industries is a Canadian company that provides equipment, services and specialized refrigeration solutions to customers in North America. Its operations are organized primarily through the Equipment Group and the CIMCO Refrigeration business.

The Equipment Group is an authorized Caterpillar dealer and supplies construction, mining, power generation, material-handling and other heavy equipment. It also provides equipment rentals, parts, maintenance, repairs and related product-support services through its dealership and rental operations.