Enterprise Group (TSE:E) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Enterprise Group, Inc. (TSE:E) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.42 and traded as low as C$1.32. Enterprise Group shares last traded at C$1.35, with a volume of 74,162 shares changing hands.

Wall Street Analyst Weigh In

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

Enterprise Group Stock Up 0.7%

The stock has a market cap of C$104.72 million, a price-to-earnings ratio of 33.75 and a beta of 1.05. The business has a fifty day moving average of C$1.35 and a 200 day moving average of C$1.42. The company has a debt-to-equity ratio of 51.73, a current ratio of 3.85 and a quick ratio of 3.18.

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