NFI Group (OTCMKTS:NFYEF) Shares Down 5% – Should You Sell?

NFI Group Inc. (OTCMKTS:NFYEF)’s stock price fell 5% on Wednesday . The company traded as low as $14.12 and last traded at $14.15. 7,415 shares were traded during trading, a decline of 72% from the average session volume of 26,928 shares. The stock had previously closed at $14.89.

Analysts Set New Price Targets

Separately, Scotiabank reiterated an “outperform” rating on shares of NFI Group in a report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, NFI Group presently has an average rating of “Buy”.

NFI Group Stock Performance

The business has a 50 day moving average price of $13.18 and a 200-day moving average price of $11.60.

About NFI Group

NFI Group Inc is a leading manufacturer of heavy-duty transit buses and coaches, offering a range of zero-emission, diesel, natural gas and hybrid solutions for public transportation authorities and private operators. Through its flagship brands—New Flyer in North America and Alexander Dennis in the United Kingdom—NFI Group develops, assembles and delivers complete transit and motorcoach vehicles designed to meet evolving environmental standards and customer demands for performance, safety and rider comfort.

Headquartered in Winnipeg, Manitoba, NFI Group operates multiple manufacturing facilities across Canada, the United States, Mexico and the United Kingdom, supported by a global parts, service and remanufacturing network.