Enterprise Group (TSE:E) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Enterprise Group, Inc. (TSE:E) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.53 and traded as low as C$1.29. Enterprise Group shares last traded at C$1.32, with a volume of 66,197 shares changing hands.

Analyst Ratings Changes

Separately, Fundamental Research set a C$2.42 price target on shares of Enterprise Group and gave the company a “buy” rating in a research report on Tuesday, August 26th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$2.61.

Enterprise Group Price Performance

The company has a quick ratio of 3.18, a current ratio of 3.85 and a debt-to-equity ratio of 51.73. The stock has a market cap of C$102.39 million, a P/E ratio of 66.00 and a beta of 1.14. The business’s 50-day simple moving average is C$1.41 and its two-hundred day simple moving average is C$1.53.

Enterprise Group Company Profile

Enterprise Group Inc is an equipment rental and construction services company operating in the energy and construction industries. Its focus is specialty equipment rentals. The company has a fleet of trucks and heavy equipment to provide rental services for heavy equipment, flameless heating units and oilfield site service infrastructure throughout Western Canada.