Entain (LON:ENT) Trading Down 11.1% - Time to Sell?

Entain Plc (LON:ENT - Get Free Report)'s stock price traded down 11.1% on Tuesday . The company traded as low as GBX 653 ($8.22) and last traded at GBX 660 ($8.31). 7,332,096 shares traded hands during trading, an increase of 228% from the average session volume of 2,234,826 shares. The stock had previously closed at GBX 742.20 ($9.34).

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Berenberg Bank decreased their target price on shares of Entain from GBX 1,030 ($12.96) to GBX 1,010 ($12.71) and set a "neutral" rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group reissued a "buy" rating and set a GBX 1,140 ($14.35) target price on shares of Entain in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 1,079.67 ($13.59).

Entain Trading Up 6.8 %

The company has a market cap of £4.78 billion, a price-to-earnings ratio of -10.15, a P/E/G ratio of 0.92 and a beta of 1.19. 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's 50-day moving average price is GBX 707.02 and its 200 day moving average price is GBX 702.31.

Insider Transactions at Entain

In other news, insider Ricky Sandler sold 4,334,882 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 806 ($10.14), for a total transaction of £34,939,148.92 ($43,976,273.03). Insiders own 0.26% of the company's stock.

About Entain

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.