Enterprise Group (TSE:E) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Enterprise Group, Inc. (TSE:E)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.53 and traded as low as C$1.29. Enterprise Group shares last traded at C$1.32, with a volume of 66,197 shares traded.

Analyst Ratings Changes

Separately, Fundamental Research set a C$2.42 price target on shares of Enterprise Group and gave the stock a “buy” rating in a report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Enterprise Group currently has a consensus rating of “Buy” and an average price target of C$2.61.

Enterprise Group Price Performance

The business’s 50 day moving average is C$1.41 and its two-hundred day moving average is C$1.53. The firm has a market capitalization of C$102.39 million, a PE ratio of 66.00 and a beta of 1.14. The company has a debt-to-equity ratio of 51.73, a current ratio of 3.85 and a quick ratio of 3.18.

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.