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

Enterprise Group, Inc. (TSE:E) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.04 and traded as low as C$1.83. Enterprise Group shares last traded at C$1.89, with a volume of 332,859 shares trading hands.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Raymond James raised shares of Enterprise Group to a “moderate buy” rating in a research note on Wednesday, February 5th. Fundamental Research set a C$2.75 price target on shares of Enterprise Group and gave the stock a “buy” rating in a research report on Tuesday, December 10th.

Enterprise Group Trading Up 5.0 %

The firm has a market cap of C$145.53 million, a price-to-earnings ratio of 18.41 and a beta of 1.18. The business’s 50 day moving average price is C$2.25 and its 200-day moving average price is C$2.04. The company has a debt-to-equity ratio of 51.73, a quick ratio of 3.18 and a current ratio of 3.85.

About Enterprise Group

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.