Entravision Communications (NYSE:EVC) Shares Pass Above 200 Day Moving Average – Time to Sell?

Entravision Communications Co. (NYSE:EVC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.19 and traded as high as $2.36. Entravision Communications shares last traded at $2.36, with a volume of 143,023 shares.

Entravision Communications Stock Performance

The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.90. The business’s fifty day moving average price is $2.43 and its two-hundred day moving average price is $2.19.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.49%. The ex-dividend date of this dividend was Monday, December 16th. Entravision Communications’s dividend payout ratio (DPR) is -16.13%.

Institutional Investors Weigh In On Entravision Communications

Several hedge funds have recently added to or reduced their stakes in EVC. SG Americas Securities LLC grew its position 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 buying an additional 8,674 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Entravision Communications in the second quarter valued at approximately $46,000. Factorial Partners LLC purchased a new position in shares of Entravision Communications during the 3rd quarter worth $52,000. The Manufacturers Life Insurance Company raised its stake 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 worth $59,000 after purchasing an additional 16,072 shares during the period. Finally, FMR LLC lifted its holdings in Entravision Communications by 104.1% in the third quarter. FMR LLC now owns 35,495 shares of the company’s stock valued at $73,000 after acquiring an additional 18,106 shares during the last quarter. 69.46% of the stock is owned by hedge funds and other institutional investors.

About Entravision Communications

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.