Enterprise Group (TSE:E) Shares Down 12.6% – Should You Sell?

Enterprise Group, Inc. (TSE:E)’s stock price dropped 12.6% during mid-day trading on Thursday . The stock traded as low as C$1.45 and last traded at C$1.59. Approximately 959,633 shares changed hands during mid-day trading, an increase of 121% from the average daily volume of 434,736 shares. The stock had previously closed at C$1.82.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Fundamental Research set a C$2.75 target price on Enterprise Group and gave the stock a “buy” rating in a report on Tuesday, December 10th. Raymond James upgraded shares of Enterprise Group to a “moderate buy” rating in a research report on Wednesday, February 5th.

Enterprise Group Stock Down 18.1 %

The firm has a market cap of C$114.73 million, a PE ratio of 14.52 and a beta of 1.18. The company has a 50-day simple moving average of C$2.20 and a 200-day simple moving average of C$2.07. The company has a debt-to-equity ratio of 51.73, a current ratio of 3.85 and a quick ratio of 3.18.

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.