Enterprise Group (TSE:E) Share Price Passes Below 200-Day Moving Average - What's Next?

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)'s share price 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$2.42 price objective on Enterprise Group and gave the company a "buy" rating in a research report on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Enterprise Group has an average rating of "Buy" and an average target price of C$2.61.

Enterprise Group Stock Performance

The company has a quick ratio of 3.18, a current ratio of 3.85 and a debt-to-equity ratio of 51.73. The company has a 50 day moving average of C$1.53 and a 200 day moving average of C$1.57. The firm has a market cap of C$111.70 million, a price-to-earnings ratio of 72.00 and a beta of 1.31.

About Enterprise Group

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.