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

Shares of NFI Group Inc. (TSE:NFI - Get Free Report) passed 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 changing hands.

Wall Street Analysts Forecast Growth

NFI has been the subject of a number of research analyst reports. BMO Capital Markets upgraded shares of NFI Group from a "hold" rating to a "strong-buy" rating and raised their price objective for the stock from C$14.00 to C$23.00 in a report on Thursday. Stifel Nicolaus decreased their price objective on shares of 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. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$22.60.

NFI Group Price Performance

The stock has a market capitalization of C$1.56 billion, a PE ratio of -64.58, a P/E/G ratio of -0.07 and a beta of 1.41. The firm's 50 day simple moving average is C$16.42 and its 200 day simple moving average is C$13.53. 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

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.