Enterprise Group (TSE:E) Shares Down 12.6% - Time to Sell?

Enterprise Group, Inc. (TSE:E - Get Free Report) shares fell 12.6% during trading on Thursday . The stock traded as low as C$1.45 and last traded at C$1.59. 959,633 shares traded hands during 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

Several equities analysts have recently issued reports on the company. Raymond James cut their price target on Enterprise Group from C$3.75 to C$3.00 and set an "outperform" rating on the stock in a research note on Friday. Acumen Capital lowered 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 report on Friday. Finally, Fundamental Research set a C$2.75 price objective on shares of Enterprise Group and gave the company a "buy" rating in a report on Tuesday, December 10th.

Enterprise Group Price Performance

The company has a 50 day moving average of C$2.16 and a 200 day moving average of 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$103.95 million, a price-to-earnings ratio of 13.15 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.