Enterprise Group (TSE:E) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Enterprise Group, Inc. (TSE:E) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.70 and traded as high as C$1.89. Enterprise Group shares last traded at C$1.88, with a volume of 111,035 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$2.75 price objective on Enterprise Group and gave the stock a “buy” rating in a research note on Tuesday, December 10th.

Enterprise Group Price Performance

The company has a debt-to-equity ratio of 52.75, a quick ratio of 3.18 and a current ratio of 4.17. The company’s fifty day moving average price is C$2.02 and its 200 day moving average price is C$1.70. The firm has a market capitalization of C$112.46 million, a price-to-earnings ratio of 13.43 and a beta of 1.18.

Insider Buying and Selling at Enterprise Group

In other news, Director John Harld Charles Pinsent sold 60,000 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$2.31, for a total transaction of C$138,600.00. 39.56% of the stock is currently owned by insiders.

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.