Entain (OTCMKTS:GMVHY) Shares Climb 3.9% – Time to Buy?

Entain Plc (OTCMKTS:GMVHY)’s share price traded up 3.9% during mid-day trading on Wednesday. The company traded as high as $5.84 and last traded at $5.84. 5,911 shares were traded during trading, a decline of 91% from the average daily volume of 68,162 shares. The stock had previously closed at $5.62.

Analyst Ratings Changes

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

Entain Price Performance

The stock has a 50 day moving average of $6.60 and a 200 day moving average of $7.14.

About Entain

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.