Flutter Entertainment plc (LON:FLTR - Get Free Report)'s share price dropped 0.7% during trading on Thursday . The company traded as low as £194.40 ($266.78) and last traded at £196.20 ($269.25). Approximately 53,052 shares changed hands during trading, a decline of 77% from the average daily volume of 228,982 shares. The stock had previously closed at £197.55 ($271.10).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a "buy" rating and issued a £247 ($338.96) target price on shares of Flutter Entertainment in a research note on Friday, March 14th.
View Our Latest Analysis on FLTR
Flutter Entertainment Price Performance
The company has a debt-to-equity ratio of 73.74, a current ratio of 0.90 and a quick ratio of 0.70. The company's 50-day moving average price is £185.64 and its 200-day moving average price is £195.96. The company has a market cap of £44.41 billion, a P/E ratio of -69.93, a P/E/G ratio of 1.76 and a beta of 1.24.
Insiders Place Their Bets
In other news, insider Peter Jackson sold 1,659 shares of Flutter Entertainment stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of £184 ($252.50), for a total value of £305,256 ($418,904.90). Also, insider Rob Coldrake sold 129 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of £184 ($252.50), for a total transaction of £23,736 ($32,573.08). Corporate insiders own 0.08% of the company's stock.
Flutter Entertainment Company Profile
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Flutter Entertainment is the world's largest online sports betting and gaming operator with a portfolio of globally recognised brands.
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