Enthusiast Gaming (TSE:EGLX) Shares Down 10% – Should You Sell?

Enthusiast Gaming Holdings Inc. (TSE:EGLX) was down 10% during trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 139,444 shares traded hands during mid-day trading, an increase of 76% from the average daily volume of 79,296 shares. The stock had previously closed at C$0.05.

Enthusiast Gaming Stock Down 10.0%

The company’s 50 day moving average is C$0.06 and its 200 day moving average is C$0.05. The company has a market cap of C$7.16 million, a PE ratio of -0.18 and a beta of 1.44. The company has a current ratio of 0.13, a quick ratio of 1.21 and a debt-to-equity ratio of 8,938.80.

Enthusiast Gaming (TSE:EGLX) last released its quarterly earnings data on Thursday, May 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$9.44 million during the quarter. Enthusiast Gaming had a negative net margin of 113.80% and a negative return on equity of 982.61%. As a group, analysts predict that Enthusiast Gaming Holdings Inc. will post -0.15 earnings per share for the current fiscal year.

About Enthusiast Gaming

Enthusiast Gaming builds tools, platforms, and experiences that make every moment of play more meaningful. Its portfolio of owned and operated digital properties includes some of the most recognizable names in gaming, such as U.GG, Icy-Veins, TheSimsResource, PocketGamer, Addicting Games, and Fantasy Football Scout, as well as the global B2B event series PocketGamer Connects. Through these assets, Enthusiast Gaming generates revenue from programmatic advertising, subscriptions, and events, and is focused on expanding its owned IP and deepening direct engagement with its audience.