NFI Group (OTCMKTS:NFYEF) Stock Price Up 5.9% – Should You Buy?

NFI Group Inc. (OTCMKTS:NFYEF) shares rose 5.9% on Thursday . The stock traded as high as $16.92 and last traded at $16.7625. Approximately 3,682 shares were traded during trading, a decline of 85% from the average daily volume of 25,165 shares. The stock had previously closed at $15.83.

Wall Street Analyst Weigh In

NFYEF has been the topic of a number of research reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of NFI Group in a report on Tuesday, May 12th. Scotiabank reissued an “outperform” rating on shares of NFI Group in a report on Tuesday, April 28th. TD Securities restated a “buy” rating on shares of NFI Group in a research report on Monday, May 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of NFI Group in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, NFI Group currently has an average rating of “Buy”.

NFI Group Stock Up 5.9%

The business’s 50 day simple moving average is $15.69 and its 200 day simple moving average is $13.55.

About NFI Group

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.