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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)'s share price passed 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 trading hands.

Analyst Upgrades and Downgrades

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

View Our Latest Report on NFI Group

NFI Group Trading Down 1.2 %

The business has a 50 day moving average of C$17.36 and a 200-day moving average of C$16.75. The stock has a market cap of C$1.74 billion, a PE ratio of -33.16, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. 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

(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.

Further Reading

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