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

Enterprise Group logo with Energy background

Enterprise Group, Inc. (TSE:E - Get Free Report) shares crossed 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 changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on E. Acumen Capital decreased their price target on shares of 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. Raymond James Financial lowered 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 report on Friday, March 21st. Finally, Fundamental Research set a C$2.58 price objective on Enterprise Group and gave the stock a "buy" rating in a report on Wednesday, May 21st.

Check Out Our Latest Report on E

Enterprise Group Stock Performance

The company has a market cap of C$138.60 million, a P/E ratio of 17.54 and a beta of 1.18. The company's fifty day moving average is C$1.71 and its 200 day moving average is C$1.81. The company has a current ratio of 3.85, a quick ratio of 3.18 and a debt-to-equity ratio of 51.73.

About Enterprise Group

(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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