Enterprise Group (TSE:E) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Enterprise Group, Inc. (TSE:E) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.49 and traded as low as C$1.35. Enterprise Group shares last traded at C$1.35, with a volume of 77,074 shares traded.

Analyst Upgrades and Downgrades

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

Enterprise Group Trading Down 2.9%

The company has a fifty day moving average of C$1.32 and a 200-day moving average of C$1.49. The company has a current ratio of 3.85, a quick ratio of 3.18 and a debt-to-equity ratio of 51.73. The company has a market capitalization of C$104.72 million, a price-to-earnings ratio of 33.75 and a beta of 1.17.

Enterprise Group (TSE:E) last released its earnings results on Thursday, November 13th. The company reported C$0.01 earnings per share for the quarter. Enterprise Group had a return on equity of 12.38% and a net margin of 16.81%.The business had revenue of C$9.21 million for the quarter. As a group, equities research analysts anticipate that Enterprise Group, Inc. will post 0.203 earnings per share for the current fiscal 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.