Entain (OTCMKTS:GMVHF) Trading Up 5.8% – Here’s What Happened

Entain Plc (OTCMKTS:GMVHF) was up 5.8% during mid-day trading on Thursday . The stock traded as high as $7.9060 and last traded at $7.9060. Approximately 4,177 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 9,721 shares. The stock had previously closed at $7.4720.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BNP Paribas Exane initiated coverage on shares of Entain in a research note on Thursday, May 14th. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Entain in a report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Entain Trading Down 4.0%

The firm’s 50-day moving average price is $7.60 and its two-hundred day moving average price is $8.58.

About Entain

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.