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

Enterprise Group, Inc. (TSE:E - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.81 and traded as low as C$1.74. Enterprise Group shares last traded at C$1.77, with a volume of 122,814 shares trading hands.

Analysts Set New Price Targets

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

Enterprise Group Stock Performance

The firm has a fifty day simple moving average of C$1.72 and a 200-day simple moving average of C$1.81. The company has a market cap of C$133.98 million, a PE ratio of 16.95 and a beta of 1.18. The company has a quick ratio of 3.18, a current ratio of 3.85 and a debt-to-equity ratio of 51.73.

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.