Enterprise Group (TSE:E) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Enterprise Group, Inc. (TSE:E)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.32 and traded as low as C$1.03. Enterprise Group shares last traded at C$1.10, with a volume of 153,235 shares.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial downgraded shares of Enterprise Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$2.00 to C$1.50 in a research report on Monday, March 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$1.94.

Enterprise Group Price Performance

The company has a quick ratio of 3.18, a current ratio of 2.37 and a debt-to-equity ratio of 30.73. The firm has a market capitalization of C$85.32 million, a PE ratio of 27.50 and a beta of 0.69. The stock has a 50-day moving average price of C$1.26 and a 200 day moving average price of C$1.32.

Enterprise Group (TSE:E) last announced its earnings results on Thursday, March 12th. The company reported C$0.01 earnings per share (EPS) for the quarter. Enterprise Group had a return on equity of 4.11% and a net margin of 9.72%.The firm had revenue of C$10.33 million for the quarter. Equities analysts forecast that Enterprise Group, Inc. will post 0.203 EPS for the current fiscal year.

Enterprise Group Company Profile

Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas and other harmful emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada.