Finning International (OTCMKTS:FINGF) Shares Gap Down – Should You Sell?

Finning International Inc. (OTCMKTS:FINGF) gapped down prior to trading on Thursday . The stock had previously closed at $54.92, but opened at $52.11. Finning International shares last traded at $52.09, with a volume of 231 shares traded.

Analyst Ratings Changes

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

Finning International Price Performance

The business has a 50-day simple moving average of $52.21 and a two-hundred day simple moving average of $46.00.

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 given a dividend of $0.2161 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a yield of 165.0%.

About Finning International

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.