NFI Group (TSE:NFI) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

NFI Group Inc. (TSE:NFI) shares crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of C$24.61 and traded as low as C$23.52. NFI Group shares last traded at C$24.25, with a volume of 1,962,869 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NFI shares. ATB Cormark Capital Markets lifted their price objective on shares of NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Stifel Nicolaus lifted their price objective on NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a report on Monday, August 10th. TD lowered their price objective on shares of NFI Group from C$33.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. BMO Capital Markets boosted their price target on shares of NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. Finally, Scotiabank set a C$28.50 target price on NFI Group and gave the company a “sector outperform” rating in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat, NFI Group currently has an average rating of “Buy” and an average target price of C$30.39.

NFI Group Stock Performance

The firm has a fifty day moving average price of C$24.61 and a 200 day moving average price of C$21.95. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. The stock has a market cap of C$2.89 billion, a PE ratio of 53.51, a price-to-earnings-growth ratio of -0.07 and a beta of 0.20.

NFI Group (TSE:NFI) last posted its quarterly earnings results on Thursday, November 5th. The company reported C$0.39 earnings per share for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. The firm had revenue of C$1.43 billion for the quarter. Research analysts forecast that NFI Group Inc. will post 1.28 earnings per share for the current fiscal year.

Insider Activity at NFI Group

In related news, Director Colin Robertson acquired 10,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was acquired at an average price of C$22.55 per share, with a total value of C$225,500.00. Following the acquisition, the director directly owned 343,783 shares of the company’s stock, valued at approximately C$7,752,306.65. This trade represents a 3.00% increase in their ownership of the stock. Also, insider Brian Keith Dewsnup purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was bought at an average cost of C$23.29 per share, with a total value of C$46,580.00. Following the completion of the acquisition, the insider directly owned 75,610 shares of the company’s stock, valued at C$1,760,956.90. This trade represents a 2.72% increase in their position. Insiders have bought 16,995 shares of company stock worth $396,102 over the last ninety days. 0.62% of the stock is owned by corporate insiders.

About NFI Group

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.