NFI Group (TSE:NFI) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of NFI Group Inc. (TSE:NFI) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.24 and traded as low as C$11.10. NFI Group shares last traded at C$11.24, with a volume of 305,579 shares.

Analysts Set New Price Targets

NFI has been the topic of several recent analyst reports. Cibc World Mkts upgraded shares of NFI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th. CIBC increased their price objective on shares of NFI Group from C$18.50 to C$21.00 in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$22.20.

NFI Group Price Performance

The company’s fifty day moving average is C$12.45 and its 200 day moving average is C$15.24. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59. The stock has a market cap of C$931.59 million, a PE ratio of -38.51, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41.

About NFI Group

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.