NFI Group (TSE:NFI) Stock Crosses Below 200 Day Moving Average – Here’s Why

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$13.02 and traded as low as C$12.00. NFI Group shares last traded at C$12.17, with a volume of 282,455 shares traded.

Analysts Set New Price Targets

A number of brokerages have issued reports on NFI. ATB Capital increased their price target on NFI Group from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, March 17th. CIBC raised their target price on 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. Finally, BMO Capital Markets dropped their price target on shares of NFI Group from C$14.00 to C$13.00 in a research report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, NFI Group presently has a consensus rating of “Buy” and a consensus price target of C$20.80.

NFI Group Stock Up 0.1 %

The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59. The company has a market capitalization of C$1.01 billion, a price-to-earnings ratio of -41.69, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The business has a 50-day moving average price of C$11.62 and a 200-day moving average price of C$13.02.

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.