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

Enterprise Group, Inc. (TSE:E - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.86 and traded as low as C$1.63. Enterprise Group shares last traded at C$1.66, with a volume of 95,754 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on E. Raymond James lowered 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 report on Friday, March 21st. Fundamental Research set a C$2.58 price objective on Enterprise Group and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Acumen Capital lowered their price objective on Enterprise Group from C$2.80 to C$2.40 and set a "buy" rating on the stock in a research report on Friday, March 21st.

Enterprise Group Stock Performance

The company has a market cap of C$125.51 million, a P/E ratio of 15.88 and a beta of 1.18. The firm has a 50 day moving average of C$1.45 and a 200-day moving average of C$1.85. 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.