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

Enterprise Group, Inc. (TSE:E)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.46 and traded as low as C$1.31. Enterprise Group shares last traded at C$1.32, with a volume of 213,800 shares trading 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$2.59.

Enterprise Group Price Performance

The company has a 50-day moving average of C$1.34 and a 200 day moving average of C$1.46. 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 capitalization of C$102.39 million, a PE ratio of 33.00 and a beta of 1.05.

Enterprise Group (TSE:E) last announced its quarterly earnings data 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 for the quarter. Sell-side analysts predict 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.