Enterprise Group (TSE:E) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Enterprise Group, Inc. (TSE:E) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.44 and traded as low as C$1.30. Enterprise Group shares last traded at C$1.35, with a volume of 91,581 shares.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$2.38 price target on shares of Enterprise Group and gave the company 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, the stock has a consensus rating of “Buy” and a consensus price target of C$2.59.

Enterprise Group Stock Performance

The firm 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$1.34 and a 200-day simple moving average of C$1.43. 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 released its earnings results on Thursday, November 13th. The company reported C$0.01 earnings per share for the quarter. Enterprise Group had a return on equity of 12.38% and a net margin of 16.81%.The firm had revenue of C$9.21 million for the quarter. Equities research analysts expect that Enterprise Group, Inc. will post 0.203 earnings per share 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.