NFI Group (TSE:NFI) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

NFI Group Inc. (TSE:NFI) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.54 and traded as low as C$13.41. NFI Group shares last traded at C$13.66, with a volume of 254,424 shares traded.

Analyst Upgrades and Downgrades

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

NFI Group Stock Performance

The company has a market capitalization of C$1.63 billion, a price-to-earnings ratio of -31.05, 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. The stock has a 50-day simple moving average of C$14.56 and a 200-day simple moving average of C$16.54.

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.