NFI Group (TSE:NFI) Reaches 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 during trading on Wednesday . The company traded as low as C$10.30 and last traded at C$10.39, with a volume of 485048 shares changing hands. The stock had previously closed at C$10.85.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NFI shares. Cibc World Mkts upgraded NFI Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 4th. CIBC boosted their target price on NFI Group from C$18.50 to C$21.00 in a research report on Wednesday, December 4th. Finally, BMO Capital Markets lowered NFI Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$22.20.

NFI Group Stock Up 15.6 %

The firm has a market capitalization of C$964.74 million, a PE ratio of -39.88, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The company's fifty day simple moving average is C$13.07 and its 200-day simple moving average is C$15.83.

About NFI Group

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.