NFI Group (OTCMKTS:NFYEF) Trading 5.1% Higher – Time to Buy?

NFI Group Inc. (OTCMKTS:NFYEF)’s share price traded up 5.1% during trading on Wednesday . The company traded as high as $11.16 and last traded at $11.16. 13,309 shares traded hands during trading, a decline of 45% from the average session volume of 24,159 shares. The stock had previously closed at $10.62.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NFYEF shares. National Bankshares reaffirmed an “outperform” rating on shares of NFI Group in a research report on Tuesday, August 5th. Scotiabank reaffirmed an “outperform” rating on shares of NFI Group in a research report on Tuesday, August 5th. CIBC reissued an “outperform” rating on shares of NFI Group in a report on Monday. Finally, BMO Capital Markets restated an “outperform” rating on shares of NFI Group in a report on Monday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

NFI Group Stock Performance

The company has a 50 day moving average price of $13.17 and a 200 day moving average price of $11.38.

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.