Enterprise Group (TSE:E) Stock Price Down 7.3% – What’s Next?

Enterprise Group, Inc. (TSE:E)’s share price traded down 7.3% during trading on Wednesday . The stock traded as low as C$1.94 and last traded at C$2.02. 404,863 shares changed hands during mid-day trading, an increase of 60% from the average session volume of 253,313 shares. The stock had previously closed at C$2.18.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on E shares. Acumen Capital set a C$2.00 price objective on shares of Enterprise Group and gave the company a “buy” rating in a research report on Monday, August 19th. Fundamental Research set a C$1.90 price target on Enterprise Group and gave the company a “buy” rating in a report on Tuesday, August 20th.

Enterprise Group Stock Performance

The company has a current ratio of 4.17, a quick ratio of 3.18 and a debt-to-equity ratio of 52.75. The stock has a market cap of C$123.83 million, a PE ratio of 14.79 and a beta of 1.18. The business’s 50-day moving average price is C$2.11 and its 200-day moving average price is C$1.62.

Insiders Place Their Bets

In other news, Director John Harld Charles Pinsent sold 40,000 shares of Enterprise Group stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of C$2.33, for a total transaction of C$93,320.00. Corporate insiders own 39.56% of the company’s stock.

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.