NFI Group (TSE:NFI) Shares Cross Above 50-Day Moving Average - Here's Why

NFI Group Inc. (TSE:NFI - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$15.33 and traded as high as C$18.73. NFI Group shares last traded at C$18.68, with a volume of 203,102 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NFI shares. ATB Capital boosted their price objective on NFI Group from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th. BMO Capital Markets reduced their price target on shares of NFI Group from C$14.00 to C$13.00 in a research report on Friday, March 14th. CIBC increased their price objective on shares of NFI Group from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. Finally, Stifel Nicolaus dropped their target price on shares of NFI Group from C$23.00 to C$22.00 and set a "buy" rating for the company in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$20.60.

NFI Group Trading Up 0.4%

The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.55 and a current ratio of 1.71. The stock has a market cap of C$1.55 billion, a price-to-earnings ratio of -63.99, a P/E/G ratio of -0.07 and a beta of 1.41. The business has a 50-day simple moving average of C$15.33 and a two-hundred day simple moving average of C$13.24.

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.

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