Enthusiast Gaming (CVE:EGLX) Stock Price Up 2.6%

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

Wall Street Analyst Weigh In

Several research firms have commented on EGLX. Scotiabank downgraded Enthusiast Gaming from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$1.50 to C$0.50 in a research note on Wednesday, January 31st. Canaccord Genuity Group cut Enthusiast Gaming from a “speculative buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada lowered their price objective on shares of Enthusiast Gaming from C$2.00 to C$1.50 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th.

Enthusiast Gaming Price Performance

The company has a current ratio of 1.24, a quick ratio of 1.11 and a debt-to-equity ratio of 6.49. The stock has a fifty day simple moving average of C$1.99 and a two-hundred day simple moving average of C$1.99. The company has a market cap of C$101.11 million and a PE ratio of -15.43.

About Enthusiast Gaming

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.