Finning International (OTCMKTS:FINGF) Sees Strong Trading Volume – Should You Buy?

Finning International Inc. (OTCMKTS:FINGF) saw unusually-high trading volume on Thursday . Approximately 26,390 shares were traded during mid-day trading, an increase of 1,064% from the previous session’s volume of 2,267 shares.The stock last traded at $61.91 and had previously closed at $60.97.

Wall Street Analysts Forecast Growth

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

Finning International Stock Performance

The stock has a 50-day moving average price of $55.05 and a 200 day moving average price of $48.96.

Finning International Cuts Dividend

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

About Finning International

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.