Entravision Communications (NYSE:EVC) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Entravision Communications Co. (NYSE:EVC)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.21 and traded as high as $2.36. Entravision Communications shares last traded at $2.35, with a volume of 191,323 shares.

Entravision Communications Stock Up 2.4 %

The company has a debt-to-equity ratio of 0.90, a current ratio of 2.70 and a quick ratio of 2.70. The business has a 50 day moving average price of $2.40 and a 200 day moving average price of $2.21. The firm has a market capitalization of $211.02 million, a P/E ratio of -1.89 and a beta of 0.98.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.12) earnings per share (EPS) for the quarter. Entravision Communications had a negative net margin of 14.25% and a negative return on equity of 12.03%. The firm had revenue of $97.16 million for the quarter.

Entravision Communications Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.20 annualized dividend and a yield of 8.53%. Entravision Communications’s dividend payout ratio is -16.13%.

Hedge Funds Weigh In On Entravision Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVC. SG Americas Securities LLC boosted its holdings in Entravision Communications by 67.9% during the third quarter. SG Americas Securities LLC now owns 21,451 shares of the company’s stock valued at $44,000 after purchasing an additional 8,674 shares in the last quarter. Factorial Partners LLC acquired a new stake in Entravision Communications during the third quarter valued at approximately $52,000. The Manufacturers Life Insurance Company boosted its holdings in Entravision Communications by 122.9% during the second quarter. The Manufacturers Life Insurance Company now owns 29,154 shares of the company’s stock valued at $59,000 after purchasing an additional 16,072 shares in the last quarter. FMR LLC boosted its holdings in Entravision Communications by 104.1% during the third quarter. FMR LLC now owns 35,495 shares of the company’s stock valued at $73,000 after purchasing an additional 18,106 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Entravision Communications during the third quarter valued at approximately $80,000. 69.46% of the stock is currently owned by institutional investors.

Entravision Communications Company Profile

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.