NFI Group (TSE:NFI) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

NFI Group Inc. (TSE:NFI) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$13.94 and traded as high as C$16.06. NFI Group shares last traded at C$15.73, with a volume of 172,191 shares.

Analyst Ratings Changes

Several analysts recently issued reports on NFI shares. Scotiabank reduced their price target on NFI Group from C$23.00 to C$22.00 in a research note on Monday, September 29th. National Bankshares decreased their price target on shares of NFI Group from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. CIBC dropped their price objective on shares of NFI Group from C$23.00 to C$20.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Finally, BMO Capital Markets cut their price objective on shares of NFI Group from C$18.00 to C$17.00 in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$21.67.

NFI Group Stock Down 0.4%

The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The company has a market cap of C$1.87 billion, a P/E ratio of -6.45, a PEG ratio of -0.07 and a beta of 0.65. The stock has a 50-day moving average of C$13.94 and a 200 day moving average of C$16.33.

NFI Group (TSE:NFI) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.10 earnings per share for the quarter. NFI Group had a negative net margin of 0.79% and a negative return on equity of 3.45%. Research analysts anticipate that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

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. Aftermarket operations include spare parts and servicing related to transit buses and motor coaches.