Enterprise Group (TSE:E) Shares Cross Below 200-Day Moving Average – Should You Sell?

Enterprise Group, Inc. (TSE:E)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.37 and traded as low as C$1.22. Enterprise Group shares last traded at C$1.24, with a volume of 89,125 shares traded.

Wall Street Analyst Weigh In

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

Enterprise Group Stock Performance

The business’s fifty day moving average price is C$1.35 and its two-hundred day moving average price is C$1.37. The company has a debt-to-equity ratio of 51.73, a quick ratio of 3.18 and a current ratio of 3.85. The stock has a market capitalization of C$96.18 million, a P/E ratio of 31.00 and a beta of 1.10.

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.