Enterprise Group (TSE:E) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Enterprise Group, Inc. (TSE:E) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.69 and traded as high as C$1.90. Enterprise Group shares last traded at C$1.85, with a volume of 329,490 shares changing hands.

Analyst Ratings Changes

Separately, Fundamental Research set a C$2.75 price target on Enterprise Group and gave the company a “buy” rating in a report on Tuesday, December 10th.

Enterprise Group Stock Down 3.6 %

The firm has a market capitalization of C$110.67 million, a price-to-earnings ratio of 13.21 and a beta of 1.18. The business’s 50 day moving average is C$2.08 and its 200-day moving average is C$1.69. The company has a debt-to-equity ratio of 52.75, a quick ratio of 3.18 and a current ratio of 4.17.

Insider Activity

In other news, Director John Harld Charles Pinsent sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$2.31, for a total value of C$138,600.00. 39.56% of the stock is currently owned by company insiders.

About Enterprise Group

Enterprise Group, Inc, through its subsidiaries, operates as an equipment rental and construction services company in Canada. The company engages in the specialty equipment rental business. It also rents flameless heaters to the construction, and oil and gas industries. In addition, the company offers oilfield infrastructure site and rental services, including modular/combo equipment, such as fuel, generator, light stand, sewage treatment, medic security, and truck trailer combos.