Finning International (TSE:FTT) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Finning International Inc. (TSE:FTT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$39.58 and traded as high as C$51.69. Finning International shares last traded at C$51.51, with a volume of 1,156,217 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. TD Securities raised their price target on shares of Finning International from C$47.00 to C$50.00 in a report on Monday, February 24th. Canaccord Genuity Group raised their price target on shares of Finning International from C$51.00 to C$55.00 in a report on Friday, February 7th. BMO Capital Markets raised their price target on shares of Finning International from C$45.00 to C$50.00 in a report on Friday, February 7th. CIBC decreased their price target on shares of Finning International from C$50.00 to C$49.00 in a report on Monday, February 3rd. Finally, National Bankshares decreased their price target on shares of Finning International from C$49.00 to C$48.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th.

Finning International Stock Performance

The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. The company's fifty day moving average is C$40.16 and its 200-day moving average is C$39.69. The stock has a market cap of C$7.04 billion, a PE ratio of 14.33, a PEG ratio of 0.56 and a beta of 1.55.

Insider Buying and Selling

In other Finning International news, Senior Officer Kevin Parkes sold 600 shares of Finning International stock in a transaction on Thursday, May 15th. The shares were sold at an average price of C$51.42, for a total value of C$30,852.00. Also, Senior Officer Kieran Colquhoun Holm sold 4,000 shares of Finning International stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of C$51.00, for a total transaction of C$204,000.00. Insiders sold a total of 5,941 shares of company stock valued at $298,792 over the last 90 days. Insiders own 0.10% of the company's stock.

Finning International Company Profile

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.