Enthusiast Gaming (TSE:EGLX) Shares Down 11.1% – Here’s What Happened

Shares of Enthusiast Gaming Holdings Inc. (TSE:EGLX) fell 11.1% on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. 498,934 shares traded hands during trading, an increase of 556% from the average session volume of 76,103 shares. The stock had previously closed at C$0.05.

Enthusiast Gaming Stock Performance

The firm’s 50-day moving average price is C$0.04 and its two-hundred day moving average price is C$0.05. The company has a debt-to-equity ratio of 2,565.18, a quick ratio of 1.21 and a current ratio of 0.15. The stock has a market cap of C$7.16 million, a price-to-earnings ratio of -0.16 and a beta of 1.00.

Enthusiast Gaming (TSE:EGLX) last announced its quarterly earnings results on Tuesday, April 14th. The company reported C($0.23) earnings per share for the quarter. The firm had revenue of C$8.05 million for the quarter. Enthusiast Gaming had a negative net margin of 117.55% and a negative return on equity of 287.94%. On average, analysts expect that Enthusiast Gaming Holdings Inc. will post -0.15 EPS for the current fiscal 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. 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.