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

Entain Plc (OTCMKTS:GMVHY)’s stock price reached a new 52-week low on Monday. The company traded as low as $5.68 and last traded at $5.6850, with a volume of 3341 shares traded. The stock had previously closed at $5.92.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GMVHY shares. Kepler Capital Markets raised shares of Entain from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 1st. Zacks Research raised Entain to a “hold” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Entain Stock Down 4.7%

The firm’s 50-day moving average price is $7.03 and its 200-day moving average price is $7.30.

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.