Entain (OTCMKTS:GMVHF) Stock Price Up 9.3% – Still a Buy?

Entain Plc (OTCMKTS:GMVHF) shares rose 9.3% during trading on Monday . The stock traded as high as $8.0180 and last traded at $7.8780. Approximately 5,554 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 9,252 shares. The stock had previously closed at $7.21.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BNP Paribas Exane began coverage on Entain in a research note on Thursday, May 14th. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Entain in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Entain Stock Down 5.3%

The company’s 50 day moving average price is $7.61 and its two-hundred day moving average price is $8.30.

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.