Finning International (OTCMKTS:FINGF) Shares Gap Down – What’s Next?

by · The Cerbat Gem

Finning International Inc. (OTCMKTS:FINGF – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $54.11, but opened at $49.95. Finning International shares last traded at $49.95, with a volume of 125 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on FINGF. Scotiabank restated an “outperform” rating on shares of Finning International in a research report on Friday, October 17th. CIBC restated an “outperform” rating on shares of Finning International in a report on Monday, October 20th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Report on Finning International

Finning International Trading Down 7.7%

The firm has a 50-day moving average of $53.15 and a 200-day moving average of $47.03.

Finning International Cuts Dividend

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

About Finning International

(Get Free Report)

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.

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