NFI Group (TSE:NFI) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of NFI Group Inc. (TSE:NFIGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.61 and traded as low as C$14.14. NFI Group shares last traded at C$14.43, with a volume of 313,264 shares.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NFI shares. CIBC increased their price objective on shares of NFI Group from C$18.50 to C$21.00 in a research report on Wednesday, December 4th. BMO Capital Markets cut shares of NFI Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. 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 research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, NFI Group has an average rating of “Moderate Buy” and an average target price of C$22.20.

View Our Latest Stock Analysis on NFI

NFI Group Stock Down 0.5 %

The business has a 50-day moving average of C$14.78 and a 200 day moving average of C$16.59. The company has a market capitalization of C$1.71 billion, a PE ratio of -32.64, a P/E/G ratio of -0.07 and a beta of 1.41. The company has a debt-to-equity ratio of 164.92, a current ratio of 1.74 and a quick ratio of 0.55.

About NFI Group

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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.

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