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

Finning International Inc. (OTCMKTS:FINGF)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $73.23, but opened at $70.16. Finning International shares last traded at $70.81, with a volume of 400 shares.

Analyst Ratings Changes

FINGF has been the subject of a number of research analyst reports. Scotiabank reissued an “outperform” rating on shares of Finning International in a report on Tuesday, July 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Finning International in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat, Finning International presently has an average rating of “Buy”.

Finning International Price Performance

The stock has a 50 day simple moving average of $70.03 and a two-hundred day simple moving average of $70.42. The company has a market cap of $9.16 billion and a price-to-earnings ratio of 30.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.47 and a quick ratio of 0.65.

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, beating the consensus estimate 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 analysts’ expectations of $1.94 billion.

About Finning International

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.