Entain (OTCMKTS:GMVHY) Sets New 1-Year Low – Here’s Why

Entain Plc (OTCMKTS:GMVHY) shares reached a new 52-week low on Monday . The stock 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.

Analyst Ratings Changes

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

Entain Trading Down 0.9%

The business’s 50 day simple moving average is $7.20 and its 200 day simple moving average is $7.39.

Entain Company Profile

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.