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

Shares of NFI Group Inc. (TSE:NFI) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.61 and traded as low as C$14.14. NFI Group shares last traded at C$14.43, with a volume of 313,264 shares trading hands.

Wall Street Analyst Weigh In

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

NFI Group Price Performance

The firm has a market capitalization of C$1.71 billion, a PE ratio of -32.64, a P/E/G ratio of -0.07 and a beta of 1.41. The company has a debt-to-equity ratio of 164.92, a quick ratio of 0.55 and a current ratio of 1.74. The stock has a fifty day moving average price of C$14.78 and a 200-day moving average price of C$16.59.

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.