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

Enterprise Group logo with Energy background

Key Points

  • Enterprise Group's shares have fallen below their 200-day moving average of C$1.69, trading as low as C$1.41 before recovering slightly to C$1.45.
  • Analysts maintain a consensus "Buy" rating for the stock, with a target price of C$2.66 according to Fundamental Research.
  • The company's financial metrics show a market capitalization of C$111.65 million and a price-to-earnings ratio of 14.13, indicating potential for investment despite recent stock performance.
  • Want stock alerts on Enterprise Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Enterprise Group, Inc. (TSE:E - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.69 and traded as low as C$1.41. Enterprise Group shares last traded at C$1.45, with a volume of 343,026 shares.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.58 target price on shares of Enterprise Group and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$2.66.

Read Our Latest Stock Report on E

Enterprise Group Stock Performance

The company's 50-day moving average price is C$1.67 and its 200-day moving average price is C$1.67. The firm has a market cap of C$111.65 million, a price-to-earnings ratio of 14.13 and a beta of 1.18. The company has a quick ratio of 3.18, a current ratio of 3.85 and a debt-to-equity ratio of 51.73.

Enterprise Group Company Profile

(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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