GVC Holdings PLC (OTCMKTS:GMVHF) dropped 6% during mid-day trading on Monday . The company traded as low as $6.58 and last traded at $6.58, approximately 231 shares were traded during trading. A decline of 89% from the average daily volume of 2,067 shares. The stock had previously closed at $7.00.
Separately, Deutsche Bank initiated coverage on shares of GVC in a research report on Monday, July 1st. They set a “buy” rating for the company.
The stock’s 50-day moving average price is $7.63.
GVC Holdings PLC, together with its subsidiaries, operates as an online gaming company in Germany, the United Kingdom, rest of Europe, and internationally. It operates through Sports Labels, Games Labels, B2B, and Non-Core segments. The company provides online betting, casino, poker, and bingo services through mobile and web under the Bwin brand; sports betting, casinos, games, and poker through online and mobile under the Sportingbet brand; and online bingo, sportsbook, casino, and poker access under the Betboo brand, as well as operates an online casino Website for German-speaking markets under the CasinoClub brand.
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