NFI Group (TSE:NFI) Stock Price Passes Below Two Hundred Day Moving Average - Here's Why

NFI Group Inc. (TSE:NFI - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.75 and traded as low as C$14.53. NFI Group shares last traded at C$14.59, with a volume of 207,079 shares traded.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. BMO Capital Markets lowered shares of NFI Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 31st. ATB Capital increased their price target on shares of NFI Group from C$18.00 to C$22.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. Stifel Nicolaus increased their price target on shares of NFI Group from C$18.00 to C$23.00 in a research note on Tuesday, August 6th. Cibc World Mkts raised shares of NFI Group from a "strong sell" rating to a "hold" rating in a research report on Friday, August 2nd. Finally, National Bankshares increased their price objective on shares of NFI Group from C$21.00 to C$22.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, NFI Group presently has a consensus rating of "Moderate Buy" and a consensus target price of C$21.70.

NFI Group Stock Performance

The company has a market cap of C$1.76 billion, a P/E ratio of -33.16, a PEG ratio of -0.07 and a beta of 1.41. The business's 50 day simple moving average is C$17.27 and its 200 day simple moving average is C$16.77. The company has a current ratio of 1.74, a quick ratio of 0.55 and a debt-to-equity ratio of 164.92.

NFI Group Company Profile

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.