NFI Group (TSE:NFI) Stock Price Crosses Above 50 Day Moving Average - Time to Sell?

NFI Group Inc. (TSE:NFI - Get Free Report)'s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$12.43 and traded as high as C$15.28. NFI Group shares last traded at C$15.20, with a volume of 111,489 shares.

Analyst Ratings Changes

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

NFI Group Stock Down 1.8%

The stock's fifty day moving average price is C$12.57 and its 200 day moving average price is C$12.86. The stock has a market cap of C$1.32 billion, a P/E ratio of -54.57, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59.

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.