Finning International (TSE:FTT) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Finning International Inc. (TSE:FTT - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$40.03 and traded as high as C$41.01. Finning International shares last traded at C$40.66, with a volume of 225,176 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. CIBC decreased their target price on shares of Finning International from C$50.00 to C$49.00 in a research report on Monday, February 3rd. TD Securities lifted their price objective on shares of Finning International from C$47.00 to C$50.00 in a report on Monday, February 24th. BMO Capital Markets lifted their price objective on shares of Finning International from C$45.00 to C$50.00 in a report on Friday, February 7th. Finally, Canaccord Genuity Group lifted their price objective on shares of Finning International from C$51.00 to C$55.00 in a report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$49.89.

Finning International Stock Down 1.7 %

The firm has a market cap of C$5.49 billion, a PE ratio of 11.18, a PEG ratio of 0.56 and a beta of 1.55. The business's 50 day moving average price is C$40.51 and its 200 day moving average price is C$40.04. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59.

Insider Transactions at Finning International

In related news, Senior Officer Juan Pablo Amar sold 1,899 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of C$43.18, for a total transaction of C$82,004.33. Also, Senior Officer Cheryl Lynn Gray sold 2,500 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of C$44.35, for a total transaction of C$110,884.50. Insiders sold 7,969 shares of company stock valued at $344,424 over the last 90 days. Corporate insiders own 0.10% of the company's stock.

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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.