Enterprise Group (TSE:E) Stock Passes Below 200-Day Moving Average - Here's Why

Key Points

• Enterprise Group shares fell below their 200‑day moving average, trading as low as C$1.24 and last at C$1.26 on volume of 219,864 shares versus the 200‑day average of C$1.30.
• Analyst sentiment is mixed: Raymond James cut its rating to "market perform" and lowered its target to C$1.50 while Fundamental Research has a C$2.10 target, leaving a consensus price target of C$1.80 and an average "Moderate Buy" rating.
• The company has a market cap of C$103.19M and a PE of 31.5; recent quarterly EPS was C$0.01 on C$10.33M revenue, and analysts forecast about 0.203 EPS for the current fiscal year.

Enterprise Group, Inc. (TSE:E - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.30 and traded as low as C$1.24. Enterprise Group shares last traded at C$1.26, with a volume of 219,864 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Raymond James Financial lowered shares of Enterprise Group from an "outperform" rating to a "market perform" rating and reduced their price target for the company from C$2.00 to C$1.50 in a research report on Monday, March 16th. Fundamental Research set a C$2.10 price target on shares of Enterprise Group and gave the company a "buy" rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$1.80.

Enterprise Group Stock Up 1.6%

The stock has a market cap of C$103.19 million, a PE ratio of 31.50 and a beta of 0.69. The company has a debt-to-equity ratio of 30.73, a quick ratio of 3.18 and a current ratio of 2.37. The company's 50-day moving average price is C$1.22 and its 200 day moving average price is C$1.30.

Enterprise Group (TSE:E - Get Free Report) last released its quarterly earnings results on Thursday, March 12th. The company reported C$0.01 EPS for the quarter. Enterprise Group had a net margin of 9.72% and a return on equity of 4.11%. The firm had revenue of C$10.33 million during the quarter. As a group, analysts forecast that Enterprise Group, Inc. will post 0.203 EPS for the current fiscal year.

About Enterprise Group

Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas and other harmful emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada.

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