Entain (OTCMKTS:GMVHF) Trading 4.4% Higher – Here’s Why

Entain Plc (OTCMKTS:GMVHF) was up 4.4% on Friday . The stock traded as high as $7.61 and last traded at $7.36. Approximately 12,573 shares were traded during trading, a decline of 5% from the average daily volume of 13,221 shares. The stock had previously closed at $7.0480.

Analyst Ratings Changes

GMVHF has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Entain in a research report on Friday, May 15th. Morgan Stanley reissued an “overweight” rating on shares of Entain in a research report on Wednesday, July 15th. Finally, BNP Paribas Exane began coverage on Entain in a research report on Thursday, May 14th. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Entain currently has an average rating of “Moderate Buy”.

Entain Price Performance

The company has a 50-day simple moving average of $7.53 and a 200 day simple moving average of $7.97.

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.