Enthusiast Gaming (CVE:EGLX) Trading 2.6% Higher – Should You Buy?

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

Analyst Ratings Changes

Separately, Scotiabank decreased their target price on shares of Enthusiast Gaming from C$0.35 to C$0.25 in a report on Thursday, August 15th.

Enthusiast Gaming Price Performance

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

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.