NFI Group (OTCMKTS:NFYEF) Shares Up 5.9% – Should You Buy?

Shares of NFI Group Inc. (OTCMKTS:NFYEF) traded up 5.9% on Thursday . The company traded as high as $16.92 and last traded at $16.7625. 3,682 shares were traded during trading, a decline of 85% from the average session volume of 25,165 shares. The stock had previously closed at $15.83.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of NFI Group in a research note on Tuesday, May 12th. Scotiabank reaffirmed an “outperform” rating on shares of NFI Group in a report on Tuesday, April 28th. BMO Capital Markets reiterated an “outperform” rating on shares of NFI Group in a research report on Friday, May 8th. Finally, TD Securities reissued a “buy” rating on shares of NFI Group in a research note on Monday, May 11th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

NFI Group Price Performance

The company has a 50-day moving average price of $15.69 and a 200 day moving average price of $13.55.

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.