NFI Group (TSE:NFI) Shares Cross Below 200 Day Moving Average - What's Next?

NFI Group Inc. (TSE:NFI - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.47 and traded as low as C$11.24. NFI Group shares last traded at C$11.50, with a volume of 167,465 shares changing hands.

Wall Street Analysts Forecast Growth

NFI has been the topic of a number of research reports. CIBC upped their price target on NFI Group from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. ATB Capital increased their price objective on NFI Group from C$24.00 to C$26.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Finally, BMO Capital Markets decreased their price target on NFI Group from C$14.00 to C$13.00 in a research note on Friday, March 14th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$20.80.

NFI Group Trading Up 0.1 %

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 firm has a fifty day moving average of C$11.56 and a 200 day moving average of C$13.26. The firm has a market capitalization of C$976.34 million, a PE ratio of -40.36, a P/E/G ratio of -0.07 and a beta of 1.41.

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.