Finning International (OTCMKTS:FINGF) Reaches New 1-Year High – Time to Buy?

Finning International Inc. (OTCMKTS:FINGFGet Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $62.71 and last traded at $62.71, with a volume of 13624 shares trading hands. The stock had previously closed at $62.4350.

Wall Street Analyst Weigh In

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

Get Our Latest Report on FINGF

Finning International Stock Up 0.4%

The firm has a fifty day moving average price of $55.25 and a 200 day moving average price of $49.17.

Finning International Cuts Dividend

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

About Finning International

(Get Free Report)

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.

Further Reading

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