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

Enterprise Group logo with Energy background

Key Points

  • Enterprise Group's share price has fallen below its 200-day moving average, trading at C$1.70 after hitting a low of C$1.63 during the session.
  • Analysts at Fundamental Research have set a price target of C$2.58 on the stock, maintaining a "buy" rating for the company.
  • The company operates in the energy and construction sectors with a focus on specialty equipment rentals, and it has a market capitalization of C$130.90 million.
  • Five stocks to consider instead of Enterprise Group.

Enterprise Group, Inc. (TSE:E - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.79 and traded as low as C$1.63. Enterprise Group shares last traded at C$1.70, with a volume of 191,008 shares traded.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$2.58 target price on shares of Enterprise Group and gave the stock a "buy" rating in a report on Wednesday, May 21st.

Read Our Latest Report on E

Enterprise Group Trading Up 2.5%

The company has a current ratio of 3.85, a quick ratio of 3.18 and a debt-to-equity ratio of 51.73. The company has a market capitalization of C$127.05 million, a P/E ratio of 16.08 and a beta of 1.18. The business has a 50 day moving average price of C$1.72 and a 200 day moving average price of C$1.78.

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.

See Also

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