Finning International (OTCMKTS:FINGF) Trading 6.2% Higher – Here’s What Happened

Finning International Inc. (OTCMKTS:FINGF) was up 6.2% during mid-day trading on Tuesday . The company traded as high as $73.74 and last traded at $73.74. Approximately 501 shares traded hands during trading, a decline of 97% from the average daily volume of 17,716 shares. The stock had previously closed at $69.41.

Analysts Set New Price Targets

Several analysts recently commented on FINGF shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Finning International in a report on Friday, August 7th. Scotiabank restated an “outperform” rating on shares of Finning International in a report on Tuesday, July 7th. Finally, TD Securities reaffirmed a “buy” rating on shares of Finning International in a research report on Wednesday, June 10th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Finning International Stock Up 3.0%

The company has a current ratio of 1.47, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The firm has a market cap of $9.85 billion and a price-to-earnings ratio of 32.35. The firm’s 50 day simple moving average is $68.53 and its two-hundred day simple moving average is $68.97.

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

About Finning International

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.