Entain (OTCMKTS:GMVHF) Trading Down 3.5% – Here’s Why

Entain Plc (OTCMKTS:GMVHF)’s stock price dropped 3.5% during mid-day trading on Monday . The company traded as low as $8.8340 and last traded at $9.10. Approximately 44,229 shares changed hands during trading, an increase of 373% from the average daily volume of 9,358 shares. The stock had previously closed at $9.4320.

Analyst Ratings Changes

GMVHF has been the subject of several analyst reports. HSBC raised Entain from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Citigroup restated a “buy” rating on shares of Entain in a research report on Wednesday, October 22nd. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Entain Stock Down 3.5%

The business’s 50 day moving average price is $10.04 and its two-hundred day moving average price is $11.23.

Entain Company Profile

Entain PLC, trading in the US over-the-counter as GMVHF, is a global sports-betting and gaming group offering both online and retail wagering services. Through a portfolio of well-known brands—such as Ladbrokes, Coral, bwin, PartyPoker and PartyCasino—the company provides sports betting, casino, poker, bingo and esports products to customers in regulated markets worldwide. Entain’s platforms support multiple channels of distribution, combining digital technology with a network of retail shops in the United Kingdom, Ireland, Spain, Italy and Germany.

Founded in 2004 under the name GVC Holdings, the business expanded rapidly through strategic acquisitions and the development of proprietary technology.