NFI Group (TSE:NFI) Shares Cross Below 200 Day Moving Average – Here’s What Happened

NFI Group Inc. (TSE:NFI) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.54 and traded as low as C$13.41. NFI Group shares last traded at C$13.66, with a volume of 254,424 shares changing hands.

Wall Street Analyst Weigh In

NFI has been the subject of a number of research analyst reports. BMO Capital Markets downgraded shares of NFI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. CIBC boosted their price target on NFI Group from C$18.50 to C$21.00 in a report on Wednesday, December 4th. Finally, Cibc World Mkts raised NFI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, NFI Group currently has an average rating of “Moderate Buy” and a consensus target price of C$22.20.

NFI Group Stock Down 1.9 %

The company has a market cap of C$1.63 billion, a P/E ratio of -31.05, a PEG ratio of -0.07 and a beta of 1.41. The stock has a 50-day moving average of C$14.56 and a 200 day moving average of C$16.54. The company has a debt-to-equity ratio of 164.92, a current ratio of 1.74 and a quick ratio of 0.55.

NFI Group Company Profile

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.