Enterprise Group (TSE:E) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

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.

Enterprise Group, Inc. (TSE:E - Get Free Report)'s stock price passed 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$2.42 price target on shares of Enterprise Group and gave the stock a "buy" rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Enterprise Group presently has a consensus rating of "Buy" and a consensus price target of C$2.61.

Enterprise Group Price Performance

The business's 50-day simple moving average is C$1.66 and its 200-day simple moving average is C$1.66. The stock has a market cap of C$113.19 million, a PE ratio of 14.32 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

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.