Finning International (OTCMKTS:FINGF) Sets New 12-Month High – Still a Buy?

Finning International Inc. (OTCMKTS:FINGF) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $683.37 and last traded at $683.37, with a volume of 1421330 shares. The stock had previously closed at $53.70.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FINGF shares. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a research note on Friday, October 17th. CIBC restated an “outperform” rating on shares of Finning International in a report 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Finning International Stock Up 1,172.6%

The stock’s 50-day moving average price is $51.15 and its 200 day moving average price is $45.17.

Finning International Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 27th will be issued a $0.2161 dividend. The ex-dividend date is Wednesday, November 26th. This represents a dividend 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.