Finning International (OTCMKTS:FINGF) Shares Gap Down – Time to Sell?

Finning International Inc. (OTCMKTS:FINGF) shares gapped down prior to trading on Thursday . The stock had previously closed at $58.5825, but opened at $56.61. Finning International shares last traded at $56.61, with a volume of 100 shares.

Wall Street Analyst Weigh In

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

Finning International Trading Up 0.4%

The company has a 50-day moving average of $54.28 and a two-hundred day moving average of $48.35.

Finning International Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, November 27th were paid a dividend of $0.2161 per share. The ex-dividend date was Wednesday, November 26th. This represents a dividend yield of 165.0%.

About Finning International

Finning International Inc operates as the world’s largest dealer of Caterpillar machinery, engines and power systems, providing a comprehensive range of sales, rental, parts and service solutions. The company’s core offerings encompass medium- and heavy-duty equipment for industries such as mining, construction, energy, forestry and transportation, along with bespoke power generation packages and digital monitoring tools. Through maintenance contracts and cost-per-hour service agreements, Finning helps customers optimize equipment uptime and total lifecycle costs.

Founded in Vancouver, British Columbia, in 1933, Finning has grown from a single dealership to a global enterprise headquartered in Vancouver’s downtown business district.