Enterprise Group (TSE:E) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Enterprise Group, Inc. (TSE:E)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.31 and traded as high as C$1.35. Enterprise Group shares last traded at C$1.34, with a volume of 14,757 shares.

Analysts Set New Price Targets

E has been the subject of a number of research reports. Raymond James Financial downgraded Enterprise Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$2.00 to C$1.50 in a research report on Monday, March 16th. Fundamental Research set a C$2.10 price target on shares of Enterprise Group and gave the stock a “buy” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$1.80.

Enterprise Group Trading Up 1.5%

The company has a market cap of C$108.82 million, a PE ratio of 44.67 and a beta of 0.98. The company has a debt-to-equity ratio of 32.34, a current ratio of 3.31 and a quick ratio of 3.18. The company has a 50-day moving average of C$1.34 and a 200 day moving average of C$1.31.

Enterprise Group (TSE:E) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.03 earnings per share (EPS) for the quarter. Enterprise Group had a return on equity of 3.39% and a net margin of 7.79%.The business had revenue of C$12.00 million for the quarter. Analysts predict that Enterprise Group, Inc. will post 0.203 earnings per share for the current year.

About Enterprise Group

Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas and other harmful emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada.