NFI Group (TSE:NFI) Hits New 52-Week Low - Here's What Happened

NFI Group Inc. (TSE:NFI - Get Free Report)'s share price hit a new 52-week low on Monday . The company traded as low as C$9.83 and last traded at C$10.00, with a volume of 30554 shares traded. The stock had previously closed at C$10.55.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NFI. CIBC upped their target price on NFI Group from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th. ATB Capital upped their price objective on NFI Group from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. Finally, BMO Capital Markets decreased their target price on NFI Group from C$14.00 to C$13.00 in a research report on Friday, March 14th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NFI Group currently has an average rating of "Buy" and an average target price of C$20.80.

NFI Group Stock Performance

The stock has a 50 day moving average of C$11.43 and a 200 day moving average of C$13.80. The company has a market capitalization of C$926.62 million, a price-to-earnings ratio of -38.30, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59.

About NFI Group

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company's revenue, includes the manufacture of transit buses for public transportation, and motor coaches.