Entain (OTCMKTS:GMVHF) Shares Up 9.3% – Still a Buy?

Entain Plc (OTCMKTS:GMVHF) shares rose 9.3% during mid-day trading on Monday . The stock traded as high as $8.0180 and last traded at $7.8780. Approximately 5,554 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 9,252 shares. The stock had previously closed at $7.21.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GMVHF shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Entain in a research note on Friday, May 15th. BNP Paribas Exane initiated coverage on shares of Entain in a report on Thursday, May 14th. They set an “outperform” rating for the company. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Entain currently has a consensus rating of “Moderate Buy”.

Entain Price Performance

The business has a fifty day moving average price of $7.63 and a 200 day moving average price of $8.32.

Entain Company Profile

Entain PLC, trading in the US over-the-counter as GMVHF, is a global sports-betting and gaming group offering both online and retail wagering services. Through a portfolio of well-known brands—such as Ladbrokes, Coral, bwin, PartyPoker and PartyCasino—the company provides sports betting, casino, poker, bingo and esports products to customers in regulated markets worldwide. Entain’s platforms support multiple channels of distribution, combining digital technology with a network of retail shops in the United Kingdom, Ireland, Spain, Italy and Germany.

Founded in 2004 under the name GVC Holdings, the business expanded rapidly through strategic acquisitions and the development of proprietary technology.