Insider Selling: NFI Group Inc. (TSE:NFI) Director Sells 7,000 Shares of Stock

NFI Group Inc. (TSE:NFI) Director Paulo Cezar Nunes sold 7,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$18.00, for a total value of C$126,000.00.

NFI Group Stock Performance

Shares of NFI stock traded down C$0.26 during mid-day trading on Tuesday, hitting C$11.38. The company’s stock had a trading volume of 692,742 shares, compared to its average volume of 354,745. The stock’s fifty day simple moving average is C$13.03. NFI Group Inc. has a 52 week low of C$9.91 and a 52 week high of C$19.55. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The company has a market cap of C$943.19 million, a P/E ratio of -38.99, a PEG ratio of -0.07 and a beta of 1.41.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NFI shares. BMO Capital Markets downgraded NFI Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Cibc World Mkts raised NFI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. Finally, CIBC raised their target price on NFI Group from C$18.50 to C$21.00 in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NFI Group has an average rating of “Moderate Buy” and a consensus price target of C$22.20.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.