Enterprise Group (TSE:E) Trading Down 12.6% – Here’s Why

Enterprise Group, Inc. (TSE:E)’s stock price dropped 12.6% during mid-day trading on Thursday . The company traded as low as C$1.45 and last traded at C$1.59. Approximately 959,633 shares were traded during trading, an increase of 121% from the average daily volume of 434,736 shares. The stock had previously closed at C$1.82.

Analysts Set New Price Targets

A number of research firms have recently weighed in on E. Raymond James raised Enterprise Group to a “moderate buy” rating in a research note on Wednesday, February 5th. Fundamental Research set a C$2.75 price target on shares of Enterprise Group and gave the company a “buy” rating in a report on Tuesday, December 10th.

Enterprise Group Stock Down 18.1 %

The company’s 50 day simple moving average is C$2.20 and its 200-day simple moving average is C$2.07. The company has a current ratio of 3.85, a quick ratio of 3.18 and a debt-to-equity ratio of 51.73. The firm has a market cap of C$114.73 million, a P/E ratio of 14.52 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.