Finning International (OTCMKTS:FINGF) Hits New 12-Month High – Here’s Why

Finning International Inc. (OTCMKTS:FINGF) shares hit a new 52-week high on Monday . The company traded as high as $57.32 and last traded at $57.23, with a volume of 716 shares trading hands. The stock had previously closed at $56.58.

Analyst Upgrades and Downgrades

FINGF has been the subject of several analyst reports. CIBC restated an “outperform” rating on shares of Finning International in a research note on Monday, October 20th. Scotiabank restated an “outperform” rating on shares of Finning International in a research report on Friday, October 17th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Finning International Price Performance

The firm’s 50 day moving average price is $53.71 and its 200-day moving average price is $47.96.

Finning International Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, November 27th were paid a $0.2161 dividend. This represents a yield of 165.0%. The ex-dividend date was Wednesday, November 26th.

About Finning International

Finning International Inc operates as the world’s largest dealer of Caterpillar machinery, engines and power systems, providing a comprehensive range of sales, rental, parts and service solutions. The company’s core offerings encompass medium- and heavy-duty equipment for industries such as mining, construction, energy, forestry and transportation, along with bespoke power generation packages and digital monitoring tools. Through maintenance contracts and cost-per-hour service agreements, Finning helps customers optimize equipment uptime and total lifecycle costs.

Founded in Vancouver, British Columbia, in 1933, Finning has grown from a single dealership to a global enterprise headquartered in Vancouver’s downtown business district.