Canaccord Genuity Group Lowers Enthusiast Gaming (CVE:EGLX) Price Target to C$0.10

Enthusiast Gaming (CVE:EGLX) had its price objective decreased by Canaccord Genuity Group from C$0.15 to C$0.10 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential downside of 94.97% from the company’s previous close.

Enthusiast Gaming Stock Up 2.6 %

Enthusiast Gaming stock traded up C$0.05 during midday trading on Tuesday, reaching C$1.99. The company’s stock had a trading volume of 145,725 shares, compared to its average volume of 154,926. Enthusiast Gaming has a 52-week low of C$0.92 and a 52-week high of C$2.85. The stock has a market capitalization of C$101.11 million and a P/E 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. The stock’s 50-day simple moving average is C$1.99 and its 200-day simple moving average is 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.