Enterprise Group (TSE:E) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Enterprise Group, Inc. (TSE:E)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.36 and traded as high as C$1.62. Enterprise Group shares last traded at C$1.61, with a volume of 189,597 shares traded.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$2.10 target price on shares of Enterprise Group and gave the company a “buy” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$1.80.

Enterprise Group Trading Up 1.9%

The company has a market capitalization of C$130.75 million, a P/E ratio of 53.67 and a beta of 0.92. The business has a 50 day moving average price of C$1.36 and a 200 day moving average price of C$1.31. The company has a current ratio of 3.31, a quick ratio of 3.18 and a debt-to-equity ratio of 32.34.

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. The firm had revenue of C$12.00 million during the quarter. Enterprise Group had a net margin of 7.79% and a return on equity of 3.39%. Analysts anticipate that Enterprise Group, Inc. will post 0.203 EPS 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.