Finning International (OTCMKTS:FINGF) Stock Falls 4.3% – What’s Next?

Finning International Inc. (OTCMKTS:FINGF) fell 4.3% during trading on Tuesday. The company traded as low as $70.10 and last traded at $70.10. 1,930 shares traded hands during trading, a decline of 90% from the average session volume of 20,090 shares. The stock had previously closed at $73.23.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Scotiabank restated an “outperform” rating on shares of Finning International in a research note on Tuesday, July 7th. BMO Capital Markets reiterated an “outperform” rating on shares of Finning International in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Finning International Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.47 and a quick ratio of 0.65. The firm’s fifty day moving average is $70.14 and its 200-day moving average is $70.49.

Finning International (OTCMKTS:FINGF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 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 analyst estimates of $1.94 billion. Finning International had a net margin of 4.93% and a return on equity of 19.85%.

About Finning International

Finning International Inc is a Canadian distributor of Caterpillar equipment and related products. The company sells and rents heavy equipment used in construction, mining, forestry, energy, transportation and other industrial applications. Its offerings include earthmoving machinery, engines, power systems, replacement parts and work tools.

In addition to equipment sales, Finning provides maintenance, repair, rebuilding, field support, technology solutions and equipment-management services.