Finning International (OTCMKTS:FINGF) Shares Gap Up – Here’s What Happened

Shares of Finning International Inc. (OTCMKTS:FINGF) gapped up before the market opened on Monday. The stock had previously closed at $67.85, but opened at $70.43. Finning International shares last traded at $70.42, with a volume of 200 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FINGF shares. BMO Capital Markets restated an “outperform” rating on shares of Finning International in a report on Friday, August 7th. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy”.

Finning International Stock Up 2.4%

The stock has a market capitalization of $9.15 billion and a PE ratio of 30.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.47 and a quick ratio of 0.65. The business’s fifty day moving average price is $70.12 and its two-hundred day moving average price is $70.58.

Finning International (OTCMKTS:FINGF) last issued its earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05. Finning International had a return on equity of 19.85% and a net margin of 4.93%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $1.94 billion.

Finning International Company Profile

Finning International Inc is a Canadian distributor of Caterpillar equipment and related products. The company sells and rents heavy equipment used in construction, mining, forestry, energy, transportation and other industrial applications. Its offerings include earthmoving machinery, engines, power systems, replacement parts and work tools.

In addition to equipment sales, Finning provides maintenance, repair, rebuilding, field support, technology solutions and equipment-management services.