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

Enterprise Group, Inc. (TSE:E) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.06 and traded as low as C$1.30. Enterprise Group shares last traded at C$1.39, with a volume of 581,690 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently commented on E. Acumen Capital dropped their price objective on Enterprise Group from C$2.80 to C$2.40 and set a “buy” rating for the company in a report on Friday, March 21st. Raymond James dropped their price target on Enterprise Group from C$3.75 to C$3.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Finally, Fundamental Research set a C$2.30 price objective on Enterprise Group and gave the company a “buy” rating in a research note on Tuesday.

Enterprise Group Stock Up 2.2 %

The firm’s 50-day moving average price is C$2.04 and its 200-day moving average price is C$2.06. The company has a debt-to-equity ratio of 51.73, a current ratio of 3.85 and a quick ratio of 3.18. The company has a market cap of C$106.26 million, a price-to-earnings ratio of 13.44 and a beta of 1.18.

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.