Enterprise Group (TSE:E) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Enterprise Group, Inc. (TSE:E) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.40 and traded as low as C$1.32. Enterprise Group shares last traded at C$1.34, with a volume of 85,911 shares changing hands.

Analysts Set New Price Targets

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

Enterprise Group Stock Performance

The company has a quick ratio of 3.18, a current ratio of 3.85 and a debt-to-equity ratio of 51.73. The company has a market capitalization of C$103.94 million, a PE ratio of 33.50 and a beta of 1.05. The business has a 50 day simple moving average of C$1.37 and a 200 day simple moving average of C$1.40.

Enterprise Group (TSE:E) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$9.21 million for the quarter. Enterprise Group had a net margin of 16.81% and a return on equity of 12.38%. Equities research analysts predict 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.