Enthusiast Gaming (CVE:EGLX) Shares Up 2.6% – Time to Buy?

Enthusiast Gaming Holdings Inc (CVE:EGLX) shares shot up 2.6% during mid-day trading on Friday . The company 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.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reduced their target price on Enthusiast Gaming from C$0.35 to C$0.25 in a research note on Thursday, August 15th.

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 PE ratio of -15.43. The firm’s 50-day simple moving average is C$1.99 and its 200-day simple moving average is 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.