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

Entravision Communications Co. (NYSE:EVC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.23 and traded as high as $2.25. Entravision Communications shares last traded at $2.25, with a volume of 193,599 shares.

Entravision Communications Trading Up 1.6 %

The firm’s 50 day moving average is $2.31 and its 200 day moving average is $2.23. 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 company has a market capitalization of $202.02 million, a PE ratio of -1.81 and a beta of 0.96.

Hedge Funds Weigh In On Entravision Communications

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Entravision Communications by 3.4% in the third quarter. Geode Capital Management LLC now owns 1,465,030 shares of the company’s stock worth $3,033,000 after purchasing an additional 48,773 shares during the last quarter. FMR LLC grew its position in shares of Entravision Communications by 104.1% in the 3rd quarter. FMR LLC now owns 35,495 shares of the company’s stock worth $73,000 after buying an additional 18,106 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Entravision Communications by 5.1% during the fourth quarter. Empowered Funds LLC now owns 438,144 shares of the company’s stock valued at $1,030,000 after buying an additional 21,422 shares during the period. SG Americas Securities LLC raised its holdings in shares of Entravision Communications by 62.4% during the fourth quarter. SG Americas Securities LLC now owns 34,842 shares of the company’s stock valued at $82,000 after acquiring an additional 13,391 shares in the last quarter. Finally, Barclays PLC lifted its stake in Entravision Communications by 60.5% in the third quarter. Barclays PLC now owns 169,068 shares of the company’s stock worth $351,000 after acquiring an additional 63,699 shares during the period. Hedge funds and other institutional investors own 69.46% of the company’s stock.

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.