Enterprise Group (TSE:E) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Enterprise Group, Inc. (TSE:E)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.38 and traded as low as C$1.27. Enterprise Group shares last traded at C$1.29, with a volume of 135,755 shares traded.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$2.38 price objective on Enterprise Group and gave the company a “buy” rating in a research report on Tuesday, November 18th. Three equities research 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 price target of C$2.59.

Enterprise Group Stock Performance

The stock has a 50-day simple moving average of C$1.37 and a 200 day simple moving average of C$1.38. The company has a market capitalization of C$100.06 million, a PE ratio of 32.25 and a beta of 1.10. 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 issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.01 earnings per share (EPS) for the quarter. Enterprise Group had a return on equity of 12.38% and a net margin of 16.81%.The business had revenue of C$9.21 million for the quarter. Equities analysts anticipate that Enterprise Group, Inc. will post 0.203 EPS for the current fiscal year.

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.