Entain (LON:ENT) Stock Price Down 10% – Here’s What Happened

Shares of Entain Plc (LON:ENT) were down 10% during trading on Tuesday . The company traded as low as GBX 653.80 ($8.08) and last traded at GBX 668.20 ($8.26). Approximately 79,282,914 shares changed hands during mid-day trading, an increase of 1,581% from the average daily volume of 4,715,889 shares. The stock had previously closed at GBX 742.20 ($9.17).

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ENT. Jefferies Financial Group restated a “buy” rating and set a GBX 1,140 ($14.09) price objective on shares of Entain in a research report on Monday, December 16th. Berenberg Bank lowered their price target on Entain from GBX 1,030 ($12.73) to GBX 1,010 ($12.48) and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Entain has an average rating of “Moderate Buy” and a consensus target price of GBX 1,079.67 ($13.34).

Entain Price Performance

The stock has a market capitalization of £4.28 billion, a PE ratio of -1,046.25, a P/E/G ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 154.96, a current ratio of 0.67 and a quick ratio of 0.74. The firm’s 50 day simple moving average is GBX 715.82 and its 200 day simple moving average is GBX 700.87.

Insider Buying and Selling

In other Entain news, insider Ricky Sandler sold 4,334,882 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 806 ($9.96), for a total value of £34,939,148.92 ($43,177,396.09). 0.26% of the stock is owned by corporate insiders.

Entain Company Profile

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino.