Toromont Industries (OTCMKTS:TMTNF) Shares Gap Down – Time to Sell?

Toromont Industries Ltd. (OTCMKTS:TMTNF) shares gapped down prior to trading on Monday. The stock had previously closed at $144.70, but opened at $137.00. Toromont Industries shares last traded at $137.00, with a volume of 175 shares traded.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Scotiabank reiterated a “sector perform” rating on shares of Toromont Industries in a research note on Tuesday, July 7th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Toromont Industries in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Toromont Industries Stock Performance

The firm has a fifty day moving average price of $150.25 and a 200 day moving average price of $151.03. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 2.73. The stock has a market cap of $11.85 billion and a PE ratio of 29.35.

Toromont Industries (OTCMKTS:TMTNF) last announced its earnings results on Monday, November 2nd. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.61. Toromont Industries had a return on equity of 16.77% and a net margin of 9.59%. The firm had revenue of $829.38 million for the quarter, compared to the consensus estimate of $1.07 billion.

Toromont Industries Company Profile

Toromont Industries is a Canadian company that provides equipment, services and specialized refrigeration solutions to customers in North America. Its operations are organized primarily through the Equipment Group and the CIMCO Refrigeration business.

The Equipment Group is an authorized Caterpillar dealer and supplies construction, mining, power generation, material-handling and other heavy equipment. It also provides equipment rentals, parts, maintenance, repairs and related product-support services through its dealership and rental operations.