Entain (LON:ENT) Shares Down 10% – Should You Sell?

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

Wall Street Analyst Weigh In

ENT has been the topic of several recent analyst reports. Berenberg Bank decreased their price objective on shares of Entain from GBX 1,030 ($12.82) to GBX 1,010 ($12.57) and set a “neutral” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,140 ($14.19) price target on shares of Entain in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Entain currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,079.67 ($13.44).

Entain Trading Up 2.2 %

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 firm has a market cap of £4.55 billion, a PE ratio of -1,111.56, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The company’s 50 day moving average price is GBX 710.72 and its 200 day moving average price is GBX 701.23.

Insider Activity

In other Entain 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). 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.