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

Enterprise Group logo with Energy background

Enterprise Group, Inc. (TSE:E - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

Several analysts have commented on E shares. Fundamental Research set a C$2.58 price target on shares of Enterprise Group and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Raymond James Financial decreased their target price on shares of 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 target price on shares of Enterprise Group from C$2.80 to C$2.40 and set a "buy" rating on the stock in a research report on Friday, March 21st.

View Our Latest Research Report on Enterprise Group

Enterprise Group Price Performance

The stock's 50-day moving average is C$1.72 and its 200 day moving average is C$1.81. 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 company has a market cap of C$133.98 million, a PE ratio of 16.95 and a beta of 1.18.

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.

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