Enterprise Group (TSE:E) Shares Cross Below 200-Day Moving Average - Should You 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) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

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

Enterprise Group Stock Performance

The firm has a market capitalization of C$110.15 million, a P/E ratio of 71.00 and a beta of 1.31. The stock has a 50-day moving average of C$1.51 and a 200 day moving average of C$1.55. The company has a debt-to-equity ratio of 51.73, a quick ratio of 3.18 and a current ratio of 3.85.

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.