Enterprise Group (TSE:E) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Enterprise Group, Inc. (TSE:E)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.49 and traded as low as C$1.35. Enterprise Group shares last traded at C$1.35, with a volume of 77,074 shares changing hands.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.38 price objective on shares of Enterprise Group and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$2.59.

Enterprise Group Price Performance

The company has a market capitalization of C$104.72 million, a price-to-earnings ratio of 33.75 and a beta of 1.17. The business has a 50-day moving average price of C$1.32 and a two-hundred day moving average price of C$1.49. The company has a quick ratio of 3.18, a current ratio of 3.85 and a debt-to-equity ratio of 51.73.

Enterprise Group (TSE:E) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$9.21 million during the quarter. Enterprise Group had a net margin of 16.81% and a return on equity of 12.38%. As a group, research analysts anticipate that Enterprise Group, Inc. will post 0.203 EPS for the current year.

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.