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

Entain Plc (OTCMKTS:GMVHY)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $6.8050 and last traded at $6.8050, with a volume of 1291 shares changing hands. The stock had previously closed at $7.04.

Wall Street Analyst Weigh In

GMVHY has been the subject of a number of research analyst reports. Zacks Research upgraded 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 report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Entain has an average rating of “Buy”.

Entain Trading Down 0.1%

The firm’s 50 day simple moving average is $7.24 and its two-hundred day simple moving average is $7.41.

Entain Company Profile

Entain plc (OTCMKTS: GMVHY) is a leading global sports betting and gaming group operating through a diversified portfolio of online and retail channels. The company engages consumers via proprietary platforms and third-party partnerships, focusing on regulated markets to deliver a range of wagering and gaming experiences.

Entain’s portfolio includes well-known brands such as Ladbrokes, Coral, bwin, Sportingbet, partypoker and Foxy Bingo. Its offerings span online sports betting, casino games, poker, bingo and daily fantasy sports, in addition to a network of retail betting shops in the United Kingdom and Ireland.