Enterprise Group (TSE:E) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Enterprise Group, Inc. (TSE:E)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.44 and traded as low as C$1.30. Enterprise Group shares last traded at C$1.35, with a volume of 91,581 shares.

Wall Street Analysts Forecast Growth

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

Enterprise Group Stock Performance

The company’s 50-day simple moving average is C$1.34 and its 200 day simple moving average is C$1.44. 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 stock has a market cap of C$104.72 million, a P/E ratio of 33.75 and a beta of 1.05.

Enterprise Group (TSE:E) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.01 EPS for the quarter. Enterprise Group had a net margin of 16.81% and a return on equity of 12.38%. The company had revenue of C$9.21 million for the quarter. As a group, sell-side analysts expect that Enterprise Group, Inc. will post 0.203 EPS for the current fiscal 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.