Enterprise Group (TSE:E) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Enterprise Group, Inc. (TSE:E) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.36 and traded as high as C$1.62. Enterprise Group shares last traded at C$1.61, with a volume of 189,597 shares traded.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$2.10 price objective on Enterprise Group and gave the company a “buy” rating in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$1.80.

Enterprise Group Stock Up 1.9%

The firm has a market capitalization of C$130.75 million, a P/E ratio of 53.67 and a beta of 0.92. The company has a debt-to-equity ratio of 32.34, a quick ratio of 3.18 and a current ratio of 3.31. The firm’s 50-day moving average is C$1.36 and its 200 day moving average is C$1.31.

Enterprise Group (TSE:E) last released its earnings results on Thursday, May 14th. The company reported C$0.03 earnings per share (EPS) for the quarter. Enterprise Group had a return on equity of 3.39% and a net margin of 7.79%.The firm had revenue of C$12.00 million during the quarter. As a group, equities research analysts predict that Enterprise Group, Inc. will post 0.203 EPS for the current fiscal year.

About Enterprise Group

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.