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

NFI Group Inc. (TSE:NFI)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

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

NFI Group Price Performance

The firm has a 50 day moving average price of C$14.83 and a 200 day moving average price of C$16.61. The stock has a market capitalization of C$1.72 billion, a PE ratio of -32.80, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company has a current ratio of 1.74, a quick ratio of 0.55 and a debt-to-equity ratio of 164.92.

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.