NFI Group (TSE:NFI) Share Price Crosses Below 200 Day Moving Average - Should You Sell?

NFI Group Inc. (TSE:NFI - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.24 and traded as low as C$11.10. NFI Group shares last traded at C$11.24, with a volume of 305,579 shares.

Wall Street Analyst Weigh In

A number of research firms have commented on NFI. Cibc World Mkts raised NFI Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 4th. CIBC boosted their price objective on NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th. Finally, ATB Capital boosted their target price on NFI Group from C$22.00 to C$24.00 and gave the stock an "outperform" rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$22.60.

NFI Group Stock Down 1.8 %

The business has a fifty day moving average of C$12.35 and a 200 day moving average of C$15.12. The firm has a market cap of C$934.90 million, a P/E ratio of -38.64, a P/E/G 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.