Enterprise Group (TSE:E) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Enterprise Group, Inc. (TSE:E)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.30 and traded as low as C$1.26. Enterprise Group shares last traded at C$1.27, with a volume of 144,348 shares.

Wall Street Analysts Forecast Growth

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

Enterprise Group Stock Down 1.6%

The company has a quick ratio of 3.18, a current ratio of 3.31 and a debt-to-equity ratio of 32.34. The company has a market capitalization of C$103.14 million, a PE ratio of 42.33 and a beta of 0.73. The stock has a 50-day moving average of C$1.28 and a 200 day moving average of C$1.30.

Enterprise Group (TSE:E) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$0.03 earnings per share for the quarter. Enterprise Group had a return on equity of 3.39% and a net margin of 7.79%.The business had revenue of C$12.00 million during the quarter. Sell-side analysts anticipate that Enterprise Group, Inc. will post 0.203 EPS for the current 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.