Enterprise Group (TSE:E) Stock Price Passes Below Two Hundred Day Moving Average - Here's Why

Key Points

• Enterprise Group's stock price fell below its 200-day moving average of C$1.76, trading at C$1.57 on Monday with a volume of 184,527 shares.
• Analysts from Fundamental Research have set a price target of C$2.58 for Enterprise Group, recommending a "buy" rating for the stock.
• The company operates in the equipment rental and construction services sector, focusing on specialty equipment rentals within the energy and construction industries.

Shares of Enterprise Group, Inc. (TSE:E - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.76 and traded as low as C$1.50. Enterprise Group shares last traded at C$1.57, with a volume of 184,527 shares trading hands.

Analyst Upgrades and Downgrades

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

Enterprise Group Stock Down 1.3%

The company's 50 day moving average price is C$1.71 and its two-hundred day moving average price is C$1.75. 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 stock has a market cap of C$113.96 million, a P/E ratio of 14.42 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.