Finning International Inc. (OTCMKTS:FINGF – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 878,279 shares, a decline of 37.6% from the September 15th total of 1,407,582 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 53,998 shares, the short-interest ratio is presently 16.3 days.
Finning International Stock Up 3.7%
Shares of Finning International stock traded up $2.58 during trading on Friday, hitting $72.03. The company’s stock had a trading volume of 14,443 shares, compared to its average volume of 43,206. Finning International has a 52 week low of $48.98 and a 52 week high of $81.12. The company has a market capitalization of $9.36 billion and a PE ratio of 30.78. The company has a fifty day simple moving average of $69.86 and a two-hundred day simple moving average of $70.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.65 and a current ratio of 1.47.
Finning International (OTCMKTS:FINGF – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.83 by $0.05. The business had revenue of $2.20 billion for 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%.
Wall Street Analyst Weigh In
Several research firms have weighed in on FINGF. Scotiabank reaffirmed an “outperform” rating on shares of Finning International in a research report on Tuesday, July 7th. BMO Capital Markets restated an “outperform” rating on shares of Finning International in a research note on Friday, August 7th. Five analysts have rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of “Buy”.
Get Our Latest Stock Report on FINGF
About Finning International
Finning International Inc is a Canadian distributor of Caterpillar equipment and related services. Founded in 1933 by Earl Finning, the company has grown into one of the world’s largest Caterpillar dealerships, serving customers in the construction, mining, energy, forestry, agriculture, and government sectors.
The company sells and rents new and used heavy equipment, including excavators, trucks, loaders, and other machinery. It also provides replacement parts, equipment maintenance and repair, fleet management, technology solutions, and power systems.
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