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

NFI Group Inc. (TSE:NFI)’s stock price crossed 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.

Wall Street Analysts Forecast Growth

NFI has been the topic of several recent research reports. Stifel Nicolaus upped their target price on shares of NFI Group from C$18.00 to C$23.00 in a research report on Tuesday, August 6th. ATB Capital boosted their target price on NFI Group from C$18.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. BMO Capital Markets lowered shares of NFI Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. National Bankshares boosted their target price on NFI Group from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, CIBC reduced their price target on NFI Group from C$19.50 to C$18.50 in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$21.70.

NFI Group Stock Performance

The firm has a 50 day moving average price of C$17.36 and a 200 day moving average price 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 quick ratio of 0.55, a current ratio of 1.74 and a debt-to-equity ratio of 164.92.

NFI Group Company Profile

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.