NFI Group (TSE:NFI) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

NFI Group Inc. (TSE:NFI)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$14.52 and traded as low as C$12.00. NFI Group shares last traded at C$12.08, with a volume of 220,738 shares.

Wall Street Analyst Weigh In

NFI has been the topic of several analyst reports. ATB Capital increased their price objective on shares of NFI Group from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, March 17th. BMO Capital Markets reduced their price target on NFI Group from C$14.00 to C$13.00 in a research report on Friday, March 14th. CIBC upped their price objective on NFI Group from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Monday, March 17th. Finally, Cibc World Mkts upgraded NFI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$20.80.

NFI Group Price Performance

The company has a 50 day moving average of C$11.83 and a 200 day moving average of C$14.52. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The firm has a market cap of C$1.00 billion, a price-to-earnings ratio of -41.38, a P/E/G 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.