Enthusiast Gaming (CVE:EGLX) Price Target Cut to C$0.35

Enthusiast Gaming (CVE:EGLXFree Report) had its price target reduced by Haywood Securities from C$0.50 to C$0.35 in a report published on Friday, BayStreet.CA reports.

Several other brokerages have also commented on EGLX. Scotiabank lowered Enthusiast Gaming from an outperform rating to a sector perform rating and cut their target price for the company from C$1.50 to C$0.50 in a research report on Wednesday, January 31st. Royal Bank of Canada dropped their price objective on shares of Enthusiast Gaming from C$2.00 to C$1.50 and set an outperform rating on the stock in a report on Tuesday, February 6th.

Read Our Latest Stock Analysis on Enthusiast Gaming

Enthusiast Gaming Stock Up 2.6 %

Enthusiast Gaming stock opened at C$1.99 on Friday. The firm has a market cap of C$101.11 million and a price-to-earnings ratio of -15.43. The company has a debt-to-equity ratio of 6.49, a quick ratio of 1.11 and a current ratio of 1.24. Enthusiast Gaming has a 52-week low of C$0.92 and a 52-week high of C$2.85. The firm has a 50 day moving average price of C$1.99 and a two-hundred day moving average price of C$1.99.

Enthusiast Gaming Company Profile

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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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