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Enterprise Group (TSE:E) Stock Passes Below Two Hundred Day Moving Average - Here's Why

Enterprise Group logo with Energy background

Enterprise Group, Inc. (TSE:E - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.82 and traded as low as C$1.81. Enterprise Group shares last traded at C$1.85, with a volume of 54,185 shares traded.

Analyst Ratings Changes

A number of research analysts have commented on the company. Acumen Capital reduced their target price on Enterprise Group from C$2.80 to C$2.40 and set a "buy" rating on the stock in a report on Friday, March 21st. Raymond James Financial reduced their price objective on Enterprise Group from C$3.75 to C$3.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, Fundamental Research set a C$2.58 price objective on shares of Enterprise Group and gave the stock a "buy" rating in a report on Wednesday, May 21st.

Get Our Latest Stock Analysis on E

Enterprise Group Stock Up 0.5%

The firm has a market cap of C$143.22 million, a price-to-earnings ratio of 18.12 and a beta of 1.18. The stock's 50 day moving average is C$1.65 and its 200 day moving average is C$1.82. The company has a quick ratio of 3.18, a current ratio of 3.85 and a debt-to-equity ratio of 51.73.

About Enterprise Group

(Get Free Report)

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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