Enterprise Group (TSE:E) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Enterprise Group, Inc. (TSE:E)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.47 and traded as low as C$1.38. Enterprise Group shares last traded at C$1.38, with a volume of 80,587 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.38 price target on Enterprise Group and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$2.59.

Enterprise Group Trading Down 3.5%

The business has a fifty day simple moving average of C$1.33 and a 200 day simple moving average of C$1.47. The stock has a market cap of C$107.04 million, a price-to-earnings ratio of 34.50 and a beta of 1.17. The company has a debt-to-equity ratio of 51.73, a quick ratio of 3.18 and a current ratio of 3.85.

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

About Enterprise Group

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.