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NFI Group (TSE:NFI) Share Price Passes Below 200-Day Moving Average - Time to Sell?

NFI Group logo with Consumer Cyclical background

NFI Group Inc. (TSE:NFI - Get 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 changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NFI shares. BMO Capital Markets cut NFI Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. Cibc World Mkts upgraded NFI Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 4th. Finally, CIBC upped their price target on shares of NFI Group from C$18.50 to C$21.00 in a research report on Wednesday, December 4th. Two 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's stock. Based on data from MarketBeat, NFI Group presently has a consensus rating of "Moderate Buy" and an average target price of C$22.20.

View Our Latest Stock Report on NFI Group

NFI Group Price Performance

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

About NFI Group

(Get Free Report)

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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