Toromont Industries (OTCMKTS:TMTNF) Trading Down 2% – Here’s Why

Toromont Industries Ltd. (OTCMKTS:TMTNFGet Free Report) was down 2% on Thursday . The stock traded as low as $78.35 and last traded at $78.61. Approximately 1,466 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 5,110 shares. The stock had previously closed at $80.25.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Toromont Industries in a report on Friday, October 18th.

Read Our Latest Research Report on Toromont Industries

Toromont Industries Stock Down 2.0 %

The company’s 50 day simple moving average is $87.07 and its 200 day simple moving average is $89.10.

About Toromont Industries

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Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.

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