Enterprise Group (TSE:E) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Enterprise Group, Inc. (TSE:E – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.30 and traded as low as C$1.27. Enterprise Group shares last traded at C$1.34, with a volume of 195,036 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Fundamental Research set a C$2.10 price objective on Enterprise Group and gave the company a “buy” rating in a research note on Tuesday, March 24th. Raymond James Financial cut Enterprise Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$2.00 to C$1.50 in a report on Monday, March 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$1.80.

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Enterprise Group Stock Performance

The company has a market cap of C$108.01 million, a P/E ratio of 44.33 and a beta of 0.98. The company has a quick ratio of 3.18, a current ratio of 3.31 and a debt-to-equity ratio of 32.34. The stock has a 50 day moving average price of C$1.31 and a two-hundred day moving average price of C$1.30.

Enterprise Group (TSE:E – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported C$0.03 earnings per share for the quarter. The company had revenue of C$12.00 million for the quarter. Enterprise Group had a return on equity of 3.39% and a net margin of 7.79%. On average, research analysts predict that Enterprise Group, Inc. will post 0.203 earnings per share for the current fiscal year.

Enterprise Group Company Profile

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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.

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