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

Enterprise Group, Inc. (TSE:E)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.06 and traded as low as C$1.76. Enterprise Group shares last traded at C$1.80, with a volume of 244,651 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Raymond James upgraded Enterprise Group to a “moderate buy” rating in a research report on Wednesday, February 5th. Fundamental Research set a C$2.75 price objective on Enterprise Group and gave the stock a “buy” rating in a research report on Tuesday, December 10th.

Enterprise Group Stock Up 1.7 %

The company has a 50 day moving average of C$2.23 and a 200-day moving average of C$2.05. The company has a market capitalization of C$140.91 million, a P/E ratio of 17.83 and a beta of 1.18. The company has a debt-to-equity ratio of 51.73, a current ratio of 3.85 and a quick ratio of 3.18.

Enterprise Group Company Profile

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.