Finning International (OTCMKTS:FINGF) Shares Gap Up – Time to Buy?

Finning International Inc. (OTCMKTS:FINGF) shares gapped up prior to trading on Wednesday . The stock had previously closed at $69.41, but opened at $74.63. Finning International shares last traded at $74.63, with a volume of 100 shares.

Analyst Ratings Changes

A number of analysts have commented on FINGF shares. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a report on Tuesday, July 7th. BMO Capital Markets restated an “outperform” rating on shares of Finning International in a research note on Friday, August 7th. Finally, TD Securities reiterated a “buy” rating on shares of Finning International in a research report on Wednesday, June 10th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Finning International Trading Up 3.0%

The stock’s 50 day moving average price is $68.53 and its 200-day moving average price is $68.89. The company has a quick ratio of 0.65, a current ratio of 1.47 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $9.85 billion and a PE ratio of 32.35.

Finning International (OTCMKTS:FINGF) last released its earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Finning International had a net margin of 4.93% and a return on equity of 19.85%.

Finning International Company Profile

Finning International Inc is a Canadian industrial equipment dealer and one of the world’s largest dealers of Caterpillar products. The company sells, rents and supports heavy equipment used in mining, construction, forestry, energy, transportation and other industrial applications.

Its offerings include new and used Caterpillar machinery, engines, power systems, parts and related technologies. Finning also provides equipment maintenance and repair, component rebuilding, fleet management, rental services and other aftermarket support designed to help customers maintain productivity throughout the life of their equipment.

Founded in 1933 by Earl B.