Enterprise Group (TSE:E) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Enterprise Group, Inc. (TSE:E)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.46 and traded as low as C$1.31. Enterprise Group shares last traded at C$1.32, with a volume of 213,800 shares.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.38 price target on Enterprise Group and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$2.59.

Enterprise Group Stock Down 6.4%

The business’s fifty day simple moving average is C$1.34 and its two-hundred day simple moving average is C$1.46. The company has a market cap of C$102.39 million, a PE ratio of 33.00 and a beta of 1.05. The company has a debt-to-equity ratio of 51.73, a current ratio of 3.85 and a quick ratio of 3.18.

Enterprise Group (TSE:E) last posted its earnings results on Thursday, November 13th. The company reported C$0.01 EPS for the quarter. Enterprise Group had a return on equity of 12.38% and a net margin of 16.81%.The firm had revenue of C$9.21 million for the quarter. On average, analysts predict that Enterprise Group, Inc. will post 0.203 earnings per share for the current year.

Enterprise Group Company Profile

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.