Haywood Securities Trims Enthusiast Gaming (CVE:EGLX) Target Price to C$0.35

Enthusiast Gaming (CVE:EGLX) had its target price reduced by stock analysts at Haywood Securities from C$0.50 to C$0.35 in a report released on Friday, BayStreet.CA reports. Haywood Securities’ price objective points to a potential downside of 82.41% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Scotiabank lowered shares of Enthusiast Gaming from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$1.50 to C$0.50 in a report on Wednesday, January 31st. Royal Bank of Canada reduced 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.

Enthusiast Gaming Stock Up 2.6 %

Enthusiast Gaming stock traded up C$0.05 during mid-day trading on Friday, reaching C$1.99. 145,725 shares of the company’s stock were exchanged, compared to its average volume of 154,926. The company has a market cap of C$101.11 million and a P/E ratio of -15.43. Enthusiast Gaming has a twelve month low of C$0.92 and a twelve month high of C$2.85. 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 fifty day moving average of C$1.99 and a 200-day moving average of 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.