Toromont Industries (OTCMKTS:TMTNF) Shares Gap Down – Should You Sell?

Shares of Toromont Industries Ltd. (OTCMKTS:TMTNF) gapped down before the market opened on Friday . The stock had previously closed at $145.20, but opened at $137.9009. Toromont Industries shares last traded at $138.95, with a volume of 6,240 shares.

Analyst Upgrades and Downgrades

TMTNF has been the topic of a number of recent analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a research note on Thursday, February 12th. Scotiabank reiterated a “sector perform” rating on shares of Toromont Industries in a research note on Thursday, January 29th. Royal Bank Of Canada reissued an “outperform” rating on shares of Toromont Industries in a report on Thursday, February 12th. Finally, TD Securities restated a “buy” rating on shares of Toromont Industries in a research note on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Toromont Industries has an average rating of “Moderate Buy”.

Toromont Industries Trading Down 5.0%

The stock has a market cap of $11.24 billion and a P/E ratio of 100.71. The firm’s 50 day simple moving average is $139.42 and its two-hundred day simple moving average is $123.30. The company has a quick ratio of 1.86, a current ratio of 2.93 and a debt-to-equity ratio of 0.26.

Toromont Industries (OTCMKTS:TMTNF) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.35. Toromont Industries had a net margin of 9.56% and a return on equity of 16.03%. The company had revenue of $764.29 million for the quarter, compared to the consensus estimate of $848.84 million.

Toromont Industries Company Profile

Toromont Industries Ltd. is a Canadian diversified industrial equipment and services company. Through its Toromont CAT division, it serves as a major dealer for Caterpillar machinery, offering sales, rentals, parts and service support for a wide range of heavy-duty equipment. Products include earth-moving, paving and compaction machinery, material handling equipment and power generation systems tailored to the needs of construction, mining, forestry, marine and energy sectors.

The company’s CIMCO Refrigeration business provides design-build, installation and maintenance of industrial and commercial refrigeration systems.