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

NFI Group Inc. (TSE:NFIGet Free Report) 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 Ratings Changes

NFI has been the subject of several research analyst reports. BMO Capital Markets cut their price target 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. CIBC raised their price objective on NFI Group from C$11.50 to C$12.00 and gave the company an “underperform” rating in a research note on Monday, January 22nd. Finally, National Bankshares raised their price objective on NFI Group from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NFI Group currently has an average rating of “Moderate Buy” and a consensus price target of C$18.58.

View Our Latest Report on NFI Group

NFI Group Trading Down 0.2 %

The company has a current ratio of 1.84, a quick ratio of 0.55 and a debt-to-equity ratio of 161.79. The stock has a 50-day simple moving average of C$12.13 and a two-hundred day simple moving average of C$12.94. The firm 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.

NFI Group (TSE:NFIGet Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported C($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.28) by C$0.21. NFI Group had a negative return on equity of 21.27% and a negative net margin of 5.07%. The business had revenue of C$1.08 billion for the quarter, compared to the consensus estimate of C$1.21 billion. On average, equities research analysts anticipate that NFI Group Inc. will post 0.228641 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of C$8.39 per share, for a total transaction of C$48,213.75. In related news, Director Wendy Wai Ting Kei sold 6,888 shares of the business’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. Also, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of C$8.39 per share, for a total transaction of C$48,213.75. In the last three months, insiders have purchased 61,658 shares of company stock worth $700,908. 0.78% of the stock is currently owned by company insiders.

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.

Recommended Stories

Receive News & Ratings for NFI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NFI Group and related companies with MarketBeat.com's FREE daily email newsletter.