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

Key Points

• Enterprise Group's stock has fallen below its two-hundred-day moving average, trading at C$1.43, compared to an average of C$1.58.
• Despite the recent decline, analysts maintain a "Buy" rating for Enterprise Group, with a consensus target price of C$2.61.
• The company specializes in equipment rental and construction services in the energy sector, with a market capitalization of C$110.92 million.

Enterprise Group, Inc. (TSE:E - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.58 and traded as low as C$1.35. Enterprise Group shares last traded at C$1.43, with a volume of 250,443 shares traded.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.42 price objective on shares of Enterprise Group and gave the stock a "buy" rating in a report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Enterprise Group has a consensus rating of "Buy" and a consensus target price of C$2.61.

Enterprise Group Trading Down 3.3%

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 stock's 50-day moving average is C$1.55 and its two-hundred day moving average is C$1.57. The stock has a market cap of C$112.47 million, a P/E ratio of 72.50 and a beta of 1.31.

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.