Enterprise Group (TSE:E) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Enterprise Group, Inc. (TSE:E) passed 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 changing hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on E. Raymond James cut their price objective on Enterprise Group from C$3.75 to C$3.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Fundamental Research set a C$2.30 price target on Enterprise Group and gave the stock a “buy” rating in a report on Tuesday. Finally, Acumen Capital decreased their price objective on Enterprise Group from C$2.80 to C$2.40 and set a “buy” rating on the stock in a research note on Friday, March 21st.

Enterprise Group Stock Up 2.2 %

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

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.