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

Key Points

• Enterprise Group's stock price has dropped below its 200-day moving average, trading as low as C$1.40, indicating potential concerns about its performance.
• Despite the recent decline, analysts maintain a positive outlook, with a current average rating of "Buy" and a target price of C$2.61.
• The company operates in the energy and construction sectors, focusing on specialty equipment rentals and has a market cap of C$112.47 million.

Enterprise Group, Inc. (TSE:E - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.56 and traded as low as C$1.40. Enterprise Group shares last traded at C$1.45, with a volume of 193,924 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.42 target price on Enterprise Group and gave the company a "buy" rating in a research report on Tuesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$2.61.

Enterprise Group Trading Down 2.1%

The firm has a 50 day simple moving average of C$1.51 and a 200 day simple moving average of C$1.56. The company has a current ratio of 3.85, a quick ratio of 3.18 and a debt-to-equity ratio of 51.73. The firm has a market capitalization of C$110.15 million, a PE ratio of 71.00 and a beta of 1.31.

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.