NFI Group (TSE:NFI) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

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$15.24 and traded as low as C$11.10. NFI Group shares last traded at C$11.24, with a volume of 305,579 shares changing hands.

Analyst Ratings Changes

NFI has been the subject of several recent research reports. CIBC increased their price objective on shares of NFI Group from C$18.50 to C$21.00 in a research report on Wednesday, December 4th. Cibc World Mkts raised shares of NFI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$22.20.

NFI Group Price Performance

The company has a 50 day moving average of C$12.45 and a 200-day moving average of C$15.24. The stock has a market capitalization of C$931.59 million, a P/E ratio of -38.51, a PEG ratio of -0.07 and a beta of 1.41. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59.

About NFI Group

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.