Haywood Securities Cuts Enthusiast Gaming (CVE:EGLX) Price Target to C$0.35

Enthusiast Gaming (CVE:EGLXFree Report) had its target price cut by Haywood Securities from C$0.50 to C$0.35 in a research note issued to investors on Friday morning, BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. Scotiabank downgraded Enthusiast Gaming from an outperform rating to a sector perform rating and cut their target price for the stock from C$1.50 to C$0.50 in a research note on Wednesday, January 31st. Royal Bank of Canada cut their target price on Enthusiast Gaming from C$2.00 to C$1.50 and set an outperform rating on the stock in a research note on Tuesday, February 6th.

View Our Latest Stock Analysis on EGLX

Enthusiast Gaming Price Performance

Shares of CVE EGLX opened at C$1.99 on Friday. Enthusiast Gaming has a twelve month low of C$0.92 and a twelve month high of C$2.85. The stock’s 50 day moving average price is C$1.99 and its 200-day moving average price is C$1.99. The company has a market capitalization of C$101.11 million and a PE 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.

About Enthusiast Gaming

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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.

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