Finning International (OTCMKTS:FINGF) Shares Gap Up – Here’s Why

Finning International Inc. (OTCMKTS:FINGF) shares gapped up prior to trading on Tuesday. The stock had previously closed at $62.63, but opened at $66.64. Finning International shares last traded at $64.37, with a volume of 725 shares traded.

Analysts Set New Price Targets

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Finning International in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Finning International presently has a consensus rating of “Buy”.

Finning International Price Performance

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 company has a market capitalization of $8.26 billion and a PE ratio of 19.60. The stock’s 50-day moving average is $70.48 and its two-hundred day moving average is $68.97.

Finning International (OTCMKTS:FINGF) last announced its earnings results on Tuesday, November 10th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.02). The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Finning International had a net margin of 4.85% and a return on equity of 19.65%.

Finning International Company Profile

Finning International is a dealer of Caterpillar equipment and related products and services. Its business includes selling and renting heavy equipment, providing parts and maintenance, and supporting customers with engines, power systems, and other equipment solutions. Founded in 1933 in British Columbia, Finning has grown into a major Caterpillar dealer. It serves customers in Western Canada, the United Kingdom and Ireland, and South America, including Chile, Argentina, and Bolivia.