Enterprise Group (TSE:E) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Enterprise Group, Inc. (TSE:E)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.36 and traded as high as C$1.62. Enterprise Group shares last traded at C$1.61, with a volume of 189,597 shares trading hands.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$2.10 price target on Enterprise Group and gave the stock a “buy” rating in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Enterprise Group has an average rating of “Moderate Buy” and an average price target of C$1.80.

Enterprise Group Stock Down 0.6%

The firm’s 50 day moving average is C$1.36 and its 200-day moving average is C$1.32. The firm has a market cap of C$130.75 million, a PE ratio of 53.67 and a beta of 0.92. The company has a quick ratio of 3.18, a current ratio of 3.31 and a debt-to-equity ratio of 32.34.

Enterprise Group (TSE:E) last released its earnings results on Thursday, May 14th. The company reported C$0.03 EPS for the quarter. Enterprise Group had a net margin of 7.79% and a return on equity of 3.39%. The firm had revenue of C$12.00 million during the quarter. As a group, equities research analysts expect that Enterprise Group, Inc. will post 0.203 earnings per share for the current fiscal year.

About Enterprise Group

Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas and other harmful emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada.