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

Posted by Geri Gentry on Sep 3rd, 2026

Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $148.8840, but opened at $140.05. Toromont Industries shares last traded at $140.05, with a volume of 121 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TMTNF shares. Royal Bank Of Canada restated an “outperform” rating on shares of Toromont Industries in a research note on Thursday, July 30th. Scotiabank restated a “sector perform” rating on shares of Toromont Industries in a research note on Tuesday, July 7th. Raymond James Financial raised Toromont Industries to a “market perform” rating in a report on Thursday, June 18th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Toromont Industries in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Read Our Latest Analysis on TMTNF

Toromont Industries Stock Up 1.4%

The company has a fifty day moving average of $155.88 and a 200 day moving average of $154.02. The company has a quick ratio of 1.68, a current ratio of 2.73 and a debt-to-equity ratio of 0.25. The company has a market cap of $11.34 billion and a P/E ratio of 42.40.

Toromont Industries (OTCMKTS:TMTNF – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.85 by $0.24. The firm had revenue of $797.03 million during the quarter, compared to analyst estimates of $1.04 billion. Toromont Industries had a net margin of 9.25% and a return on equity of 15.53%.

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.