NFI Group (TSE:NFI) Stock Price Crosses Below 200-Day Moving Average of $12.94

NFI Group Inc. (TSE:NFI – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.94 and traded as low as C$12.30. NFI Group shares last traded at C$12.51, with a volume of 52,884 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NFI shares. National Bankshares boosted their price objective on NFI Group from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Wednesday, January 17th. CIBC boosted their price objective on NFI Group from C$11.50 to C$12.00 and gave the company an “underperform” rating in a report on Monday, January 22nd. Finally, BMO Capital Markets lowered their price objective on NFI Group from C$17.00 to C$15.00 and set an “outperform” rating for the company in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, NFI Group presently has a consensus rating of “Moderate Buy” and an average price target of C$18.58.

Check Out Our Latest Stock Report on NFI

NFI Group Price Performance

The company has a market capitalization of C$1.49 billion, a P/E ratio of -6.19, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35. The company has a fifty day moving average price of C$12.13 and a 200 day moving average price of C$12.94. The company has a debt-to-equity ratio of 161.79, a current ratio of 1.84 and a quick ratio of 0.55.

NFI Group (TSE:NFI – Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported C($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.28) by C$0.21. The business had revenue of C$1.08 billion during the quarter, compared to the consensus estimate of C$1.21 billion. NFI Group had a negative return on equity of 21.27% and a negative net margin of 5.07%. On average, sell-side analysts forecast that NFI Group Inc. will post 0.228641 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Wendy Wai Ting Kei sold 6,888 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$11.44, for a total transaction of C$78,798.72. In related news, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of C$8.39 per share, with a total value of C$48,213.75. Also, Director Wendy Wai Ting Kei sold 6,888 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$11.44, for a total transaction of C$78,798.72. Insiders bought 61,658 shares of company stock worth $700,908 over the last ninety days. Company insiders own 0.78% of the company’s stock.

NFI Group Company Profile

(Get Free Report)

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.

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