Entain (LON:ENT) Trading Down 10.1% - Here's What Happened

Entain Plc (LON:ENT - Get Free Report)'s stock price was down 10.1% during mid-day trading on Tuesday . The company traded as low as GBX 653.80 ($8.23) and last traded at GBX 667.36 ($8.40). Approximately 79,797,102 shares were traded during trading, an increase of 1,586% from the average daily volume of 4,733,620 shares. The stock had previously closed at GBX 742.20 ($9.34).

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ENT shares. Jefferies Financial Group reiterated a "buy" rating and set a GBX 1,140 ($14.35) price objective on shares of Entain in a research note on Monday, December 16th. Berenberg Bank cut their price objective on Entain from GBX 1,030 ($12.96) to GBX 1,010 ($12.71) and set a "neutral" rating for the company in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,079.67 ($13.59).

Entain Stock Up 6.8 %

The company has a current ratio of 0.82, a quick ratio of 0.74 and a debt-to-equity ratio of 188.61. The firm has a market capitalization of £4.78 billion, a P/E ratio of -10.15, a P/E/G ratio of 0.92 and a beta of 1.19. The company has a 50 day simple moving average of GBX 707.02 and a two-hundred day simple moving average of GBX 702.31.

Insiders Place Their Bets

In other Entain news, insider Ricky Sandler sold 4,334,882 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 806 ($10.14), for a total value of £34,939,148.92 ($43,976,273.03). 0.26% of the stock is currently owned by corporate insiders.

Entain Company Profile

Entain plc LSE: ENT is a FTSE100 company and is one of the world's largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino.