NFI Group (TSE:NFI) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of NFI Group Inc. (TSE:NFI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.30 and traded as low as C$16.11. NFI Group shares last traded at C$16.31, with a volume of 236,120 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NFI shares. Stifel Nicolaus raised their price objective on NFI Group from C$18.00 to C$23.00 in a research note on Tuesday, August 6th. ATB Capital lifted their price objective on NFI Group from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. CIBC upgraded NFI Group from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from C$12.50 to C$20.00 in a research note on Friday, August 2nd. Cibc World Mkts upgraded NFI Group from a “strong sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, National Bankshares lifted their price objective on NFI Group from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, NFI Group currently has an average rating of “Moderate Buy” and a consensus target price of C$22.00.

NFI Group Trading Down 2.0 %

The firm has a market capitalization of C$1.94 billion, a price-to-earnings ratio of -37.07, 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 current ratio of 1.74 and a quick ratio of 0.55. The firm’s 50-day simple moving average is C$18.25 and its 200 day simple moving average is C$16.30.

NFI Group (TSE:NFI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.04 earnings per share for the quarter, topping the consensus estimate of C$0.02 by C$0.02. The company had revenue of C$1.16 billion for the quarter, compared to analysts’ expectations of C$1.15 billion. NFI Group had a negative net margin of 1.59% and a negative return on equity of 8.17%. Equities analysts expect that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Insider Activity

In other NFI Group news, Senior Officer Jason Michael Pellaers sold 2,145 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of C$18.78, for a total value of C$40,283.10. Company insiders own 0.62% of the company’s stock.

NFI Group Company Profile

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.