Entain (OTCMKTS:GMVHY) Shares Gap Up – Here’s What Happened

Shares of Entain Plc (OTCMKTS:GMVHY) gapped up prior to trading on Tuesday. The stock had previously closed at $5.62, but opened at $5.91. Entain shares last traded at $5.88, with a volume of 8,642 shares trading hands.

Wall Street Analyst Weigh In

GMVHY has been the topic of a number of analyst reports. Zacks Research raised shares of Entain to a “hold” rating in a report on Wednesday, August 19th. Kepler Capital Markets upgraded shares of Entain from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Entain Stock Performance

The company has a 50 day moving average of $6.57 and a 200-day moving average of $7.13.

Entain Company Profile

Entain plc is an international sports-betting and gaming company operating primarily through online platforms and retail betting locations. The company offers sports wagering, casino games, poker, bingo and other interactive gaming products through a portfolio of consumer brands.

Its brands have included bwin, Coral, Ladbrokes, PartyPoker and Sportingbet. Entain also operates BetMGM, a sports-betting and iGaming business formed through a joint venture with MGM Resorts International. The company serves customers across multiple regulated markets, including the United Kingdom, Europe, Australia and selected markets in the Americas.

Entain was formerly known as GVC Holdings and adopted the Entain name in 2020 as part of a broader repositioning of the business.