Enterprise Group (TSE:E) Trading Down 7.3% – Should You Sell?

Shares of Enterprise Group, Inc. (TSE:E) fell 7.3% on Wednesday . The stock traded as low as C$1.94 and last traded at C$2.02. 404,863 shares changed hands during 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 brokerages have issued reports on E. 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. Acumen Capital set a C$2.00 price target on shares of Enterprise Group and gave the stock a “buy” rating in a report on Monday, August 19th.

Enterprise Group Trading Down 3.7 %

The stock has a market cap of C$123.83 million, a PE ratio of 14.79 and a beta of 1.18. The company has a debt-to-equity ratio of 52.75, a quick ratio of 3.18 and a current ratio of 4.17. The company has a 50 day moving average of C$2.11 and a two-hundred day moving average of C$1.62.

Insider Buying and Selling at Enterprise Group

In other news, Director John Harld Charles Pinsent sold 40,000 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of C$2.33, for a total transaction of C$93,320.00. 39.56% of the stock is owned by corporate insiders.

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.