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Enterprise Group (TSE:E) Shares Pass Below 200-Day Moving Average - What's Next?

Enterprise Group logo with Energy background

Shares of 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$1.85 and traded as low as C$1.62. Enterprise Group shares last traded at C$1.64, with a volume of 139,603 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Fundamental Research set a C$2.58 price objective on Enterprise Group and gave the company a "buy" rating in a research report on Wednesday, May 21st. Raymond James cut their target price on Enterprise Group from C$3.75 to C$3.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Finally, Acumen Capital decreased their price target on Enterprise Group from C$2.80 to C$2.40 and set a "buy" rating on the stock in a report on Friday, March 21st.

Read Our Latest Report on E

Enterprise Group Stock Up 1.2%

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 stock has a market cap of C$126.28 million, a P/E ratio of 15.98 and a beta of 1.18. The company's 50 day moving average price is C$1.47 and its two-hundred day moving average price is C$1.84.

Enterprise Group Company Profile

(Get Free Report)

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.

Further Reading

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