NFI Group (OTCMKTS:NFYEF) Stock Price Down 0.9% – What’s Next?

NFI Group Inc. (OTCMKTS:NFYEF) dropped 0.9% during mid-day trading on Wednesday. The company traded as low as $17.32 and last traded at $17.5480. 24,074 shares were traded during trading, a decline of 15% from the average session volume of 28,456 shares. The stock had previously closed at $17.70.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NFYEF shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of NFI Group in a report on Tuesday, July 21st. Scotiabank reiterated an “outperform” rating on shares of NFI Group in a research note on Friday, July 24th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of NFI Group in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, NFI Group currently has a consensus rating of “Buy”.

NFI Group Price Performance

The company has a 50-day simple moving average of $17.20 and a two-hundred day simple moving average of $16.30.

About NFI Group

NFI Group Inc is a Canada-based manufacturer of buses and coaches serving public transportation agencies, private operators, school districts and other commercial customers. The company designs and manufactures zero-emission, low-emission and conventional vehicles, including heavy-duty transit buses, motor coaches, low-floor buses and specialty vehicles.

NFI operates through brands that include New Flyer, Alexander Dennis, MCI and ARBOC. Its businesses also provide replacement parts, vehicle support, fleet management technology and infrastructure solutions, including charging and other systems intended to support the operation of electric and other low- or zero-emission fleets.

The company traces its history to the North American bus manufacturing industry and has expanded through acquisitions and the development of multiple vehicle brands.