NFI Group (OTCMKTS:NFYEF) Shares Up 2% – Here’s Why
by Doug Wharley · The Cerbat GemNFI Group Inc. (OTCMKTS:NFYEF – Get Free Report)’s share price shot up 2% during mid-day trading on Wednesday . The stock traded as high as $17.04 and last traded at $17.04. Approximately 13,309 shares traded hands during trading, a decline of 55% from the average session volume of 29,847 shares. The stock had previously closed at $16.71.
Wall Street Analyst Weigh In
A number of research analysts have commented on NFYEF shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of NFI Group in a research report on Tuesday, July 21st. Scotiabank reaffirmed an “outperform” rating on shares of NFI Group in a research report on Friday, July 24th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of NFI Group in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.
Get Our Latest Analysis on NFYEF
NFI Group Price Performance
The company has a 50-day moving average price of $17.42 and a 200 day moving average price of $15.80.
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.