Finning International (OTCMKTS:FINGF) Stock Price Down 4.8% – What’s Next?

Shares of Finning International Inc. (OTCMKTS:FINGF) fell 4.8% during trading on Tuesday . The company traded as low as $50.13 and last traded at $50.13. 100 shares traded hands during trading, a decline of 99% from the average session volume of 13,657 shares. The stock had previously closed at $52.6820.

Analyst Upgrades and Downgrades

FINGF has been the subject of several analyst reports. CIBC reissued an “outperform” rating on shares of Finning International in a research note on Monday, October 20th. Scotiabank reiterated an “outperform” rating on shares of Finning International in a report on Friday, October 17th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Finning International Stock Performance

The company’s 50 day moving average price is $52.79 and its two-hundred day moving average price is $46.56.

Finning International Cuts Dividend

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

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.