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

Shares of Entain Plc (OTCMKTS:GMVHF) traded down 3.5% on Monday . The company traded as low as $8.8340 and last traded at $9.10. 44,229 shares changed hands during trading, an increase of 373% from the average session volume of 9,358 shares. The stock had previously closed at $9.4320.

Analysts Set New Price Targets

Several research firms have recently issued reports on GMVHF. HSBC raised Entain from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Citigroup reissued a “buy” rating on shares of Entain in a report on Wednesday, October 22nd. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Entain Stock Down 3.5%

The stock has a 50 day moving average of $10.04 and a 200 day moving average of $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.