Entain (OTCMKTS:GMVHY) Hits New 12-Month Low – Here’s What Happened

Entain Plc (OTCMKTS:GMVHY)’s share price reached a new 52-week low on Monday . The company traded as low as $6.67 and last traded at $6.68, with a volume of 6255 shares traded. The stock had previously closed at $6.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GMVHY shares. Zacks Research upgraded Entain to a “hold” rating in a research note on Wednesday, August 19th. Kepler Capital Markets raised 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Entain Stock Performance

The stock’s 50 day moving average price is $7.22 and its two-hundred day moving average price is $7.40.

About Entain

Entain plc is a global sports-betting and gaming company that operates online betting and gaming platforms, as well as retail betting shops in selected markets. Its offerings include sports wagering, casino games, poker, bingo and other interactive entertainment products, supported by proprietary technology and customer-facing digital platforms.

The company operates a portfolio of well-known brands, including bwin, Coral, Ladbrokes, partypoker, Sportingbet, 32Red and Neds. Entain also owns a significant interest in BetMGM, a sports-betting and iGaming business operated through a joint venture with MGM Resorts International.