Enthusiast Gaming (TSE:EGLX) Trading Up 10% – Should You Buy?

Enthusiast Gaming Holdings Inc. (TSE:EGLX) was up 10% during mid-day trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 152,140 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 127,672 shares. The stock had previously closed at C$0.05.

Enthusiast Gaming Stock Up 9.1%

The company has a debt-to-equity ratio of 17.07, a quick ratio of 1.21 and a current ratio of 0.31. The stock’s 50 day simple moving average is C$0.07 and its 200 day simple moving average is C$0.08. The firm has a market cap of C$9.55 million, a P/E ratio of -0.10 and a beta of 2.16.

Enthusiast Gaming (TSE:EGLX) last issued its quarterly earnings data on Thursday, November 13th. The company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$7.31 million for the quarter. Enthusiast Gaming had a negative net margin of 79.88% and a negative return on equity of 69.48%. Research analysts anticipate that Enthusiast Gaming Holdings Inc. will post -0.15 EPS for the current year.

About Enthusiast Gaming

Enthusiast Gaming Holdings Inc is a gaming company building the media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S and the largest in the Gaming Information category on mobile devices.