NFI Group (TSE:NFI) Reaches New 1-Year Low – Should You Sell?

Shares of NFI Group Inc. (TSE:NFI) reached a new 52-week low on Monday . The company traded as low as C$9.83 and last traded at C$10.00, with a volume of 30554 shares traded. The stock had previously closed at C$10.55.

Analyst Ratings Changes

Several research analysts have recently issued reports on NFI shares. ATB Capital increased their target price on NFI Group from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, March 17th. CIBC raised their price objective on NFI Group from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Monday, March 17th. Finally, BMO Capital Markets decreased their target price on shares of NFI Group from C$14.00 to C$13.00 in a research note on Friday, March 14th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$20.80.

NFI Group Stock Performance

The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The firm has a market capitalization of C$941.53 million, a P/E ratio of -38.92, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The business’s 50 day simple moving average is C$11.47 and its two-hundred day simple moving average is C$14.00.

NFI Group Company Profile

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.