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

Enthusiast Gaming Holdings Inc (CVE:EGLX) shot up 2.6% on Thursday . The stock traded as high as C$1.99 and last traded at C$1.99. 145,725 shares traded 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.

Analysts Set New Price Targets

EGLX has been the subject of several recent analyst reports. Scotiabank lowered their price target on Enthusiast Gaming from C$0.35 to C$0.25 in a report on Thursday, August 15th. Haywood Securities dropped their price target on shares of Enthusiast Gaming from C$0.50 to C$0.35 in a research report on Friday, May 17th.

Enthusiast Gaming Stock 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 company has a market capitalization of C$101.11 million and a price-to-earnings ratio of -15.43. The stock has a 50-day simple moving average of C$1.99 and a 200-day simple 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.