Enterprise Group (TSE:E) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Enterprise Group's share price has fallen below its 200-day moving average of C$1.54, trading as low as C$1.36 and closing at C$1.37.
• Despite the recent decline, Fundamental Research has set a price objective of C$2.42 and given the company a "buy" rating.
• The company operates in the energy and construction industries, focusing on specialty equipment rentals with a market capitalization of C$106.27 million.

Shares of Enterprise Group, Inc. (TSE:E - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.54 and traded as low as C$1.36. Enterprise Group shares last traded at C$1.37, with a volume of 234,777 shares.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$2.42 price objective on Enterprise Group and gave the company a "buy" rating in a report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Enterprise Group currently has a consensus rating of "Buy" and an average price target of C$2.61.

Enterprise Group Price Performance

The company has a debt-to-equity ratio of 51.73, a current ratio of 3.85 and a quick ratio of 3.18. The stock has a 50 day moving average price of C$1.48 and a 200-day moving average price of C$1.54. The stock has a market capitalization of C$106.27 million, a price-to-earnings ratio of 68.50 and a beta of 1.31.

Enterprise Group Company Profile

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.

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