NFI Group (TSE:NFI) Stock Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

NFI Group Inc. (TSE:NFI - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.76 and traded as low as C$11.11. NFI Group shares last traded at C$11.41, with a volume of 159,976 shares changing hands.

Wall Street Analyst Weigh In

NFI has been the topic of a number of research analyst reports. ATB Capital raised their price objective on shares of NFI Group from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. BMO Capital Markets cut their price target on NFI Group from C$14.00 to C$13.00 in a report on Friday, March 14th. Finally, CIBC increased their price objective on NFI Group from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NFI Group has a consensus rating of "Buy" and a consensus price target of C$20.80.

NFI Group Stock Performance

The stock has a market capitalization of C$939.05 million, a P/E ratio of -38.81, a P/E/G ratio of -0.07 and a beta of 1.41. The stock has a 50 day simple moving average of C$11.49 and a two-hundred day simple moving average of C$13.53. 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.