NFI Group (TSE:NFI) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

NFI Group Inc. (TSE:NFI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.22 and traded as low as C$11.14. NFI Group shares last traded at C$11.18, with a volume of 313,227 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NFI. ATB Capital upped their price target on NFI Group from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, March 17th. BMO Capital Markets reduced their target price on NFI Group from C$14.00 to C$13.00 in a research note on Friday, March 14th. Finally, CIBC lifted their price target on shares of NFI Group from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Monday, March 17th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$20.80.

NFI Group Stock Down 5.6 %

The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The business has a fifty day simple moving average of C$11.58 and a 200 day simple moving average of C$14.17. The firm has a market cap of C$874.40 million, a price-to-earnings ratio of -36.14, a PEG ratio of -0.07 and a beta of 1.41.

NFI Group Company Profile

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.