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NFI Group (TSE:NFI) Stock Price Passes Above 50-Day Moving Average - Here's What Happened

NFI Group logo with Consumer Cyclical background

NFI Group Inc. (TSE:NFI - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$16.21 and traded as high as C$18.74. NFI Group shares last traded at C$18.31, with a volume of 272,263 shares trading hands.

Analysts Set New Price Targets

Separately, Stifel Nicolaus dropped their target price on NFI Group from C$23.00 to C$22.00 and set a "buy" rating for the company in a report 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$20.60.

Check Out Our Latest Research Report on NFI

NFI Group Trading Down 1.2%

The business's 50-day moving average price is C$16.21 and its two-hundred day moving average price is C$13.47. The company has a market capitalization of C$1.52 billion, a P/E ratio of -62.73, a PEG ratio of -0.07 and a beta of 1.41. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55.

NFI Group Company Profile

(Get Free Report)

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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