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

Enterprise Group, Inc. (TSE:E) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.35 and traded as low as C$1.20. Enterprise Group shares last traded at C$1.22, with a volume of 140,409 shares changing hands.

Wall Street Analyst Weigh In

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

Enterprise Group Price Performance

The stock has a market capitalization of C$93.86 million, a P/E ratio of 30.25 and a beta of 1.10. The business has a fifty day simple moving average of C$1.33 and a 200 day simple moving average of C$1.35. The company has a current ratio of 3.85, a quick ratio of 3.18 and a debt-to-equity ratio of 51.73.

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.