Finning International (OTCMKTS:FINGF) Sees Strong Trading Volume – Still a Buy?

Finning International Inc. (OTCMKTS:FINGF) shares saw strong trading volume on Thursday . 26,390 shares changed hands during trading, an increase of 1,064% from the previous session’s volume of 2,267 shares.The stock last traded at $61.91 and had previously closed at $60.97.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FINGF shares. Scotiabank restated an “outperform” rating on shares of Finning International in a research note on Friday, October 17th. CIBC reissued an “outperform” rating on shares of Finning International in a research note on Monday, October 20th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Finning International Stock Up 2.0%

The company’s 50 day moving average price is $54.67 and its 200 day moving average price is $48.74.

Finning International Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, December 11th. Shareholders of record on Thursday, November 27th were given a $0.2161 dividend. The ex-dividend date was Wednesday, November 26th. This represents a yield of 165.0%.

Finning International Company Profile

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.