Enterprise Group (TSE:E) Share Price Passes Below 200-Day Moving Average – Here’s Why

Enterprise Group, Inc. (TSE:E)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.31 and traded as low as C$1.18. Enterprise Group shares last traded at C$1.22, with a volume of 323,796 shares.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Raymond James Financial downgraded shares of Enterprise Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$2.00 to C$1.50 in a research report on Monday, March 16th. Fundamental Research set a C$2.10 price objective on shares of Enterprise Group and gave the company a “buy” rating in a research note on Tuesday, March 24th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Enterprise Group has an average rating of “Moderate Buy” and a consensus price target of C$1.80.

Enterprise Group Price Performance

The company has a quick ratio of 3.18, a current ratio of 2.37 and a debt-to-equity ratio of 30.73. The firm has a market capitalization of C$102.18 million, a price-to-earnings ratio of 31.25 and a beta of 0.69. The company has a fifty day moving average price of C$1.23 and a two-hundred day moving average price of C$1.31.

Enterprise Group (TSE:E) last announced its earnings results on Thursday, March 12th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$10.33 million for the quarter. Enterprise Group had a net margin of 9.72% and a return on equity of 4.11%. On average, equities research analysts expect that Enterprise Group, Inc. will post 0.203 EPS for the current fiscal year.

Enterprise Group Company Profile

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.