NFI Group (OTCMKTS:NFYEF) Stock Price Up 2% – Here’s What Happened

NFI Group Inc. (OTCMKTS:NFYEF) traded up 2% during mid-day trading on Wednesday . The company traded as high as $17.04 and last traded at $17.04. Approximately 13,309 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 29,847 shares. The stock had previously closed at $16.71.

Wall Street Analyst Weigh In

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

NFI Group Stock Performance

The company’s fifty day moving average price is $17.42 and its two-hundred day moving average price is $15.83.

About NFI Group

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.