Toromont Industries (OTCMKTS:TMTNF) Shares Gap Down – Here’s What Happened

Posted by Stanley Muller on Jul 30th, 2026

Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $160.59, but opened at $148.15. Toromont Industries shares last traded at $148.15, with a volume of 315 shares.

Analyst Ratings Changes

TMTNF has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Toromont Industries in a research report on Wednesday, July 8th. Raymond James Financial raised shares of Toromont Industries to a “market perform” rating in a research report on Thursday, June 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a research note on Thursday, June 18th. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a research note on Wednesday, April 29th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Toromont Industries in a research report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Toromont Industries currently has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on TMTNF

Toromont Industries Stock Performance

The company has a market capitalization of $12.08 billion and a price-to-earnings ratio of 67.65. The stock’s 50 day moving average price is $161.12 and its 200 day moving average price is $150.24. The company has a current ratio of 2.93, a quick ratio of 1.86 and a debt-to-equity ratio of 0.26.

Toromont Industries (OTCMKTS:TMTNF – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.24. Toromont Industries had a return on equity of 16.00% and a net margin of 9.25%.The business had revenue of $797.03 million for the quarter, compared to analyst estimates of $1.04 billion.

About Toromont Industries

(Get Free Report)

Toromont Industries Ltd. is a Canadian diversified industrial equipment and services company. Through its Toromont CAT division, it serves as a major dealer for Caterpillar machinery, offering sales, rentals, parts and service support for a wide range of heavy-duty equipment. Products include earth-moving, paving and compaction machinery, material handling equipment and power generation systems tailored to the needs of construction, mining, forestry, marine and energy sectors.

The company’s CIMCO Refrigeration business provides design-build, installation and maintenance of industrial and commercial refrigeration systems.