Finning International (TSE:FTT) Stock Price Passes Below 200-Day Moving Average - Should You Sell?

Finning International Inc. (TSE:FTT - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$39.83 and traded as low as C$36.75. Finning International shares last traded at C$37.16, with a volume of 231,917 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FTT. BMO Capital Markets dropped their target price on Finning International from C$50.00 to C$46.00 in a research report on Thursday, November 14th. Royal Bank of Canada dropped their price objective on shares of Finning International from C$50.00 to C$46.00 in a report on Thursday, November 14th. Raymond James reduced their target price on shares of Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. CIBC raised their price target on shares of Finning International from C$48.00 to C$50.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group cut their price objective on Finning International from C$53.00 to C$51.00 in a research report on Thursday, November 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$48.25.

Finning International Price Performance

The firm has a market capitalization of C$5.31 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 0.56 and a beta of 1.55. The stock's fifty day moving average price is C$39.22 and its two-hundred day moving average price is C$39.81. The company has a current ratio of 1.55, a quick ratio of 0.59 and a debt-to-equity ratio of 113.71.

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.