Enthusiast Gaming (TSE:EGLX) Stock Price Down 22.2% – Time to Sell?

Enthusiast Gaming Holdings Inc. (TSE:EGLX)’s stock price traded down 22.2% on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 213,253 shares traded hands during mid-day trading, an increase of 137% from the average session volume of 90,080 shares. The stock had previously closed at C$0.05.

Enthusiast Gaming Trading Down 11.1%

The stock’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.05. The company has a market capitalization of C$6.37 million, a PE ratio of -0.14 and a beta of 1.15. The company has a quick ratio of 1.21, a current ratio of 0.15 and a debt-to-equity ratio of 2,565.18.

Enthusiast Gaming (TSE:EGLX) last released its quarterly earnings data on Tuesday, April 14th. The company reported C($0.23) earnings per share for the quarter. The business had revenue of C$8.05 million during the quarter. Enthusiast Gaming had a negative return on equity of 287.94% and a negative net margin of 117.55%. As a group, sell-side analysts predict that Enthusiast Gaming Holdings Inc. will post -0.15 EPS for the current fiscal year.

Enthusiast Gaming Company Profile

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. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides a engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience.