Enthusiast Gaming Holdings Inc (CVE:EGLX)’s share price dropped 1% during mid-day trading on Thursday . The company traded as low as C$2.00 and last traded at C$2.08, approximately 136,864 shares were traded during trading. A decline of 39% from the average daily 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 firm has a 50-day moving average of C$1.90. The company has a current ratio of 0.38, a quick ratio of 0.35 and a debt-to-equity ratio of 436.86. The firm has a market cap of $112.28 million and a P/E ratio of -4.14.
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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