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

Enterprise Group, Inc. (TSE:E)’s stock price traded down 7.3% during mid-day trading on Wednesday . The company traded as low as C$1.94 and last traded at C$2.02. 404,863 shares traded 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 Ratings Changes

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

Enterprise Group Stock Down 3.2 %

The business’s fifty day moving average price is C$2.10 and its 200 day moving average price is C$1.61. The firm has a market capitalization of C$126.22 million, a PE ratio of 14.43 and a beta of 1.18. The company has a quick ratio of 3.18, a current ratio of 4.17 and a debt-to-equity ratio of 52.75.

Insider Activity at Enterprise Group

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

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.