Entain (OTCMKTS:GMVHY) Shares Gap Up – Should You Buy?

Shares of Entain Plc (OTCMKTS:GMVHY – Get Free Report) gapped up before the market opened on Tuesday. The stock had previously closed at $5.62, but opened at $5.91. Entain shares last traded at $5.88, with a volume of 8,642 shares.

Analyst Upgrades and Downgrades

GMVHY has been the topic of several research analyst reports. Kepler Capital Markets upgraded shares of Entain from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 1st. Zacks Research raised shares of Entain to a “hold” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Get Our Latest Research Report on Entain

Entain Price Performance

The firm has a 50-day moving average of $6.62 and a 200 day moving average of $7.15.

Entain Company Profile

(Get Free Report)

Entain plc is an international sports-betting and gaming company operating primarily through online platforms and retail betting locations. The company offers sports wagering, casino games, poker, bingo and other interactive gaming products through a portfolio of consumer brands.

Its brands have included bwin, Coral, Ladbrokes, PartyPoker and Sportingbet. Entain also operates BetMGM, a sports-betting and iGaming business formed through a joint venture with MGM Resorts International. The company serves customers across multiple regulated markets, including the United Kingdom, Europe, Australia and selected markets in the Americas.

Entain was formerly known as GVC Holdings and adopted the Entain name in 2020 as part of a broader repositioning of the business.

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