Enthusiast Gaming (CVE:EGLX) Trading 2.6% Higher – Here’s Why

Shares of 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 were traded during mid-day trading, a decline of 6% from the average session volume of 154,926 shares. The stock had previously closed at C$1.94.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their price objective on Enthusiast Gaming from C$0.15 to C$0.10 and set a “hold” rating on the stock in a research report on Tuesday, April 1st.

Enthusiast Gaming Stock Up 2.6%

The company has a quick ratio of 1.11, a current ratio of 1.24 and a debt-to-equity ratio of 6.49. The company has a market cap of C$101.11 million and a PE ratio of -15.43. The stock has a 50-day moving average of C$1.99 and a 200-day moving average of C$1.99.

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.