Entain (LON:ENT) Trading Down 10% – Here’s What Happened

Entain Plc (LON:ENT)’s stock price dropped 10% on Tuesday . The stock traded as low as GBX 653.80 ($8.14) and last traded at GBX 668.20 ($8.32). Approximately 80,156,039 shares were traded during trading, an increase of 1,589% from the average daily volume of 4,745,997 shares. The stock had previously closed at GBX 742.20 ($9.24).

Analyst Ratings Changes

Several research firms have recently issued reports on ENT. Berenberg Bank lowered their price target on Entain from GBX 1,030 ($12.82) to GBX 1,010 ($12.57) and set a “neutral” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,140 ($14.19) target price on shares of Entain in a report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,079.67 ($13.44).

Entain Price Performance

The company has a debt-to-equity ratio of 154.96, a current ratio of 0.67 and a quick ratio of 0.74. The business’s 50 day moving average price is GBX 710.72 and its 200 day moving average price is GBX 701.23. The stock has a market capitalization of £4.55 billion, a P/E ratio of -1,111.56, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19.

Insider Buying and Selling

In other news, insider Ricky Sandler sold 4,334,882 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 806 ($10.03), for a total value of £34,939,148.92 ($43,489,107.44). 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.