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

NFI Group Inc. (TSE:NFI)’s stock price crossed 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 changing hands.

Analyst Ratings Changes

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

NFI Group Stock Performance

The company has a quick ratio of 0.55, a current ratio of 1.74 and a debt-to-equity ratio of 164.92. The firm has a market capitalization of C$1.63 billion, a P/E ratio of -31.05, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company’s 50 day moving average is C$14.56 and its 200-day moving average is C$16.54.

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.