Finning International (OTCMKTS:FINGF) Stock Breaks Above 50 Day Moving Average - What's Next?

Key Points

• Finning International shares broke above their 50-day moving average, reaching $70.55 and last trading at $70.47, compared with a 50-day average of $70.18.
• Analysts remain bullish, with four investment analysts rating the stock a Buy and BMO Capital Markets and Scotiabank reaffirming Outperform ratings.
• The company exceeded quarterly expectations, reporting $0.88 in EPS versus $0.83 expected and revenue of $2.20 billion versus the $1.94 billion consensus estimate.

Finning International Inc. (OTCMKTS:FINGF - Get Free Report)'s share price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $70.18 and traded as high as $70.55. Finning International shares last traded at $70.47, with a volume of 190,624 shares traded.

Analyst Upgrades and Downgrades

FINGF has been the subject of a number of analyst reports. BMO Capital Markets reissued an "outperform" rating on shares of Finning International in a research report on Friday, August 7th. Scotiabank reaffirmed an "outperform" rating on shares of Finning International in a report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Finning International Price Performance

The business has a 50 day moving average price of $70.18 and a two-hundred day moving average price of $68.38. The stock has a market cap of $9.15 billion and a PE ratio of 30.12. 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 issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.05. Finning International had a return on equity of 19.85% and a net margin of 4.93%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $1.94 billion.

About Finning International

Finning International Inc is a Canadian distributor of Caterpillar equipment and related products. The company sells and rents heavy equipment used in construction, mining, forestry, energy, transportation and other industrial applications. Its offerings include earthmoving machinery, engines, power systems, replacement parts and work tools.

In addition to equipment sales, Finning provides maintenance, repair, rebuilding, field support, technology solutions and equipment-management services.

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