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

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

Analysts Set New Price Targets

Several brokerages have weighed in on GMVHF. BNP Paribas Exane began coverage on shares of Entain in a research note on Thursday, May 14th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Entain in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Entain currently has a consensus rating of “Moderate Buy”.

Entain Stock Performance

The stock’s 50 day simple moving average is $7.63 and its 200-day simple moving average is $8.32.

About Entain

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.