Enterprise Group (TSE:E) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Enterprise Group, Inc. (TSE:E)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.06 and traded as low as C$1.30. Enterprise Group shares last traded at C$1.39, with a volume of 581,690 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Fundamental Research set a C$2.75 target price on shares of Enterprise Group and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Raymond James cut their price objective on shares of Enterprise Group from C$3.75 to C$3.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, Acumen Capital dropped their price target on Enterprise Group from C$2.80 to C$2.40 and set a “buy” rating on the stock in a research note on Friday, March 21st.

Enterprise Group Trading Up 1.5 %

The company has a debt-to-equity ratio of 51.73, a current ratio of 3.85 and a quick ratio of 3.18. The company has a market capitalization of C$107.03 million, a P/E ratio of 13.54 and a beta of 1.18. The firm has a fifty day moving average price of C$2.06 and a 200-day moving average price of C$2.06.

Enterprise Group Company Profile

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.