Enterprise Group (TSE:E) Shares Pass Below Two Hundred Day Moving Average - What's Next?

Key Points

• Enterprise Group, Inc. (TSE:E) shares fell below their 200-day moving average of C$1.73, trading at C$1.50 during recent trading.
• Fundamental Research set a price target of C$2.58 on Enterprise Group, providing a "buy" rating in their research note.
• The company, focused on equipment rental and construction services in the energy sector, has a market cap of C$115.50 million and a PE ratio of 14.61.

Enterprise Group, Inc. (TSE:E - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.73 and traded as low as C$1.47. Enterprise Group shares last traded at C$1.50, with a volume of 70,510 shares trading hands.

Wall Street Analysts Forecast Growth

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

Enterprise Group Stock Down 4.6%

The stock's fifty day simple moving average is C$1.70 and its two-hundred day simple moving average is C$1.72. The company has a debt-to-equity ratio of 51.73, a current ratio of 3.85 and a quick ratio of 3.18. The company has a market capitalization of C$110.88 million, a price-to-earnings ratio of 14.03 and a beta of 1.18.

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.