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

NFI Group Inc. (TSE:NFI) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.17 and traded as low as C$11.20. NFI Group shares last traded at C$11.44, with a volume of 340,119 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NFI. CIBC raised their price objective on NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th. Cibc World Mkts raised NFI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets downgraded NFI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NFI Group presently has an average rating of “Moderate Buy” and an average price target of C$22.20.

NFI Group Stock Up 1.2 %

The firm has a fifty day moving average price of C$13.66 and a 200-day moving average price of C$16.17. The company has a quick ratio of 0.55, a current ratio of 1.74 and a debt-to-equity ratio of 164.92. The firm has a market cap of C$1.36 billion, a price-to-earnings ratio of -26.00, a PEG ratio of -0.07 and a beta of 1.41.

NFI Group (TSE:NFI) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.10). NFI Group had a negative return on equity of 8.17% and a negative net margin of 1.59%. As a group, sell-side analysts forecast that NFI Group Inc. will post 1.2814107 EPS for the current year.

About NFI Group

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.