Enterprise Group (TSE:E) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Enterprise Group, Inc. (TSE:E)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.42 and traded as low as C$1.32. Enterprise Group shares last traded at C$1.35, with a volume of 74,162 shares traded.

Analyst Upgrades and Downgrades

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

Enterprise Group Stock Performance

The firm has a market capitalization of C$104.72 million, a price-to-earnings ratio of 33.75 and a beta of 1.05. The company has a debt-to-equity ratio of 51.73, a quick ratio of 3.18 and a current ratio of 3.85. The stock’s fifty day moving average is C$1.35 and its two-hundred day moving average is C$1.41.

Enterprise Group (TSE:E) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$9.21 million for the quarter. Enterprise Group had a net margin of 16.81% and a return on equity of 12.38%. Analysts forecast that Enterprise Group, Inc. will post 0.203 earnings per share for the current 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.