Enthusiast Gaming (CVE:EGLX) Shares Down 1%

Enthusiast Gaming Holdings Inc (CVE:EGLX)’s stock price fell 1% during trading on Thursday . The stock traded as low as C$2.00 and last traded at C$2.08, 136,864 shares traded hands during trading. A decline of 39% from the average session volume of 224,591 shares. The stock had previously closed at C$2.10.

Separately, Canaccord Genuity set a C$3.60 target price on shares of Enthusiast Gaming and gave the stock a “speculative buy” rating in a research report on Thursday, September 19th.

The company has a quick ratio of 0.35, a current ratio of 0.38 and a debt-to-equity ratio of 436.86. The business has a 50-day moving average price of C$1.92. The stock has a market capitalization of $152.01 million and a price-to-earnings ratio of -4.23.

About Enthusiast Gaming (CVE:EGLX)

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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