Enthusiast Gaming (CVE:EGLX) Trading Up 2.6%

Enthusiast Gaming Holdings Inc (CVE:EGLX)’s stock price traded up 2.6% on Thursday . The company traded as high as C$1.99 and last traded at C$1.99. 145,725 shares were traded during mid-day trading, a decline of 6% from the average session volume of 154,926 shares. The stock had previously closed at C$1.94.

Analysts Set New Price Targets

Several analysts have issued reports on EGLX shares. Scotiabank cut their price objective on Enthusiast Gaming from C$0.35 to C$0.25 in a report on Thursday, August 15th. Haywood Securities cut their price target on shares of Enthusiast Gaming from C$0.50 to C$0.35 in a report on Friday, May 17th.

Enthusiast Gaming Stock Up 2.6 %

The stock has a market capitalization of C$101.11 million and a price-to-earnings ratio of -15.43. The company has a quick ratio of 1.11, a current ratio of 1.24 and a debt-to-equity ratio of 6.49. The firm has a 50-day moving average of C$1.99 and a two-hundred day moving average of C$1.99.

Enthusiast Gaming Company Profile

Enthusiast Gaming Holdings Inc, a digital media company, develops and operates an online community of video gamers worldwide. As of February 6, 2019, the company had a platform of approximately 80 owned and affiliated Websites. It also owns and operates Enthusiast Gaming Live Expo, a gaming expo. The company was founded in 2014 and is based in Toronto, Canada.