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

by · The Cerbat Gem

Enterprise Group, Inc. (TSE:E – Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.52 and traded as low as C$1.21. Enterprise Group shares last traded at C$1.24, with a volume of 106,453 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Enterprise Group has a consensus rating of “Buy” and a consensus price target of C$2.59.

Read Our Latest Report on E

Enterprise Group Price Performance

The firm has a market capitalization of C$103.94 million, a PE ratio of 33.50 and a beta of 1.13. The company has a quick ratio of 3.18, a current ratio of 3.85 and a debt-to-equity ratio of 51.73. The stock has a 50-day moving average price of C$1.33 and a 200 day moving average price of C$1.52.

Enterprise Group (TSE:E – Get Free Report) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.01 earnings per share (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%. Equities analysts forecast that Enterprise Group, Inc. will post 0.203 EPS for the current fiscal year.

About Enterprise Group

(Get Free Report)

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.

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