NFI Group (OTCMKTS:NFYEF) Trading Down 1.8% – Here’s What Happened

NFI Group Inc. (OTCMKTS:NFYEF) dropped 1.8% on Tuesday . The stock traded as low as $11.4450 and last traded at $11.4450. Approximately 20,116 shares changed hands during trading, a decline of 21% from the average daily volume of 25,352 shares. The stock had previously closed at $11.66.

Analysts Set New Price Targets

Several research firms recently issued reports on NFYEF. BMO Capital Markets restated an “outperform” rating on shares of NFI Group in a report on Monday, September 29th. CIBC restated an “outperform” rating on shares of NFI Group in a report on Monday, September 29th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of NFI Group in a research note on Thursday, December 18th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

NFI Group Price Performance

The stock has a 50-day moving average of $10.10 and a two-hundred day moving average of $11.80.

NFI Group Company Profile

NFI Group Inc is a leading manufacturer of heavy-duty transit buses and coaches, offering a range of zero-emission, diesel, natural gas and hybrid solutions for public transportation authorities and private operators. Through its flagship brands—New Flyer in North America and Alexander Dennis in the United Kingdom—NFI Group develops, assembles and delivers complete transit and motorcoach vehicles designed to meet evolving environmental standards and customer demands for performance, safety and rider comfort.

Headquartered in Winnipeg, Manitoba, NFI Group operates multiple manufacturing facilities across Canada, the United States, Mexico and the United Kingdom, supported by a global parts, service and remanufacturing network.