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

Enthusiast Gaming Holdings Inc. (TSE:EGLX) shares traded down 22.2% during mid-day trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 213,253 shares changed hands during 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 Price Performance

The stock 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. The stock’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.05.

Enthusiast Gaming (TSE:EGLX) last issued its earnings results on Tuesday, April 14th. The company reported C($0.23) earnings per share (EPS) for the quarter. The company 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%. As a group, equities analysts forecast that Enthusiast Gaming Holdings Inc. will post -0.15 EPS for the current 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.