NFI Group (OTCMKTS:NFYEF) Shares Up 1.6% – Time to Buy?

NFI Group Inc. (OTCMKTS:NFYEF)’s stock price was up 1.6% during mid-day trading on Wednesday . The company traded as high as $14.07 and last traded at $14.06. Approximately 22,930 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 26,004 shares. The stock had previously closed at $13.84.

Analyst Upgrades and Downgrades

Separately, Scotiabank restated an “outperform” rating on shares of NFI Group in a research note on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, NFI Group presently has a consensus rating of “Buy”.

NFI Group Price Performance

The firm’s 50 day moving average price is $12.66 and its two-hundred day moving average price is $11.46.

NFI Group Company Profile

NFI Group Inc is a leading manufacturer of heavy-duty transit buses and coaches, offering a range of zero-emission, diesel, natural gas and hybrid solutions for public transportation authorities and private operators. Through its flagship brands—New Flyer in North America and Alexander Dennis in the United Kingdom—NFI Group develops, assembles and delivers complete transit and motorcoach vehicles designed to meet evolving environmental standards and customer demands for performance, safety and rider comfort.

Headquartered in Winnipeg, Manitoba, NFI Group operates multiple manufacturing facilities across Canada, the United States, Mexico and the United Kingdom, supported by a global parts, service and remanufacturing network.