NFI Group (OTCMKTS:NFYEF) Stock Falls 0.9% – Time to Sell?

NFI Group Inc. (OTCMKTS:NFYEF)’s stock price fell 0.9% during trading on Wednesday. The stock 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 daily volume of 28,456 shares. The stock had previously closed at $17.70.

Wall Street Analyst Weigh In

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

NFI Group Trading Down 0.9%

The firm’s 50-day moving average price is $17.20 and its 200 day moving average price is $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.