Enterprise Group (TSE:E) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Enterprise Group, Inc. (TSE:E) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.37 and traded as low as C$1.22. Enterprise Group shares last traded at C$1.24, with a volume of 89,125 shares traded.

Wall Street Analyst Weigh In

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

Enterprise Group Price 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 firm’s fifty day moving average price is C$1.35 and its 200 day moving average price is C$1.37. The stock has a market cap of C$96.18 million, a PE ratio of 31.00 and a beta of 1.10.

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.