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

NFI Group Inc. (TSE:NFI)’s share price 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.

Analyst Upgrades and Downgrades

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

NFI Group Stock Performance

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 stock has a fifty day moving average price of C$14.56 and a two-hundred day moving average price of C$16.54. The company has a market cap of C$1.63 billion, a P/E ratio of -31.05, a PEG ratio of -0.07 and a beta of 1.41.

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.