NFI Group (OTCMKTS:NFYEF) Stock Falls 0.9% – Here’s Why

NFI Group Inc. (OTCMKTS:NFYEF) shares were down 0.9% during mid-day trading on Wednesday. The stock traded as low as $17.32 and last traded at $17.5480. 24,074 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 28,456 shares. The stock had previously closed at $17.70.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of NFI Group in a research note on Tuesday, July 21st. Scotiabank reaffirmed an “outperform” rating on shares of NFI Group in a research report on Friday, July 24th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of NFI Group in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, NFI Group has an average rating of “Buy”.

NFI Group Stock Down 1.3%

The stock’s 50 day moving average price is $17.19 and its two-hundred day moving average price is $16.34.

NFI Group Company Profile

NFI Group Inc is a Canada-based manufacturer of buses and coaches serving public transportation agencies, private operators, school districts and other commercial customers. The company designs and manufactures zero-emission, low-emission and conventional vehicles, including heavy-duty transit buses, motor coaches, low-floor buses and specialty vehicles.

NFI operates through brands that include New Flyer, Alexander Dennis, MCI and ARBOC. Its businesses also provide replacement parts, vehicle support, fleet management technology and infrastructure solutions, including charging and other systems intended to support the operation of electric and other low- or zero-emission fleets.

The company traces its history to the North American bus manufacturing industry and has expanded through acquisitions and the development of multiple vehicle brands.