Enterprise Group (TSE:E) Trading Down 12.6% – What’s Next?

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

Wall Street Analysts Forecast Growth

E has been the topic of several analyst reports. Fundamental Research set a C$2.75 target price on shares of Enterprise Group and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Raymond James decreased their target price on Enterprise Group from C$3.75 to C$3.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Acumen Capital cut their price target on shares of Enterprise Group from C$2.80 to C$2.40 and set a “buy” rating for the company in a research note on Friday.

Enterprise Group Stock Performance

The company has a market cap of C$101.64 million, a P/E ratio of 12.86 and a beta of 1.18. The company has a debt-to-equity ratio of 51.73, a quick ratio of 3.18 and a current ratio of 3.85. The stock’s fifty day moving average price is C$2.16 and its two-hundred day moving average price is C$2.06.

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.