Entravision Communications (NYSE:EVC) Stock Price Crosses 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 Tuesday . The stock has a two hundred day moving average of $2.06 and traded as high as $2.35. Entravision Communications shares last traded at $2.29, with a volume of 140,749 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Entravision Communications from a “sell” rating to a “hold” rating in a research note on Saturday, July 20th.

Entravision Communications Stock Performance

The stock’s 50-day moving average price is $2.07 and its 200-day moving average price is $2.06. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $209.22 million, a P/E ratio of -2.20 and a beta of 0.98.

Entravision Communications (NYSE:EVC) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $82.65 million for the quarter. Entravision Communications had a negative net margin of 10.06% and a negative return on equity of 5.24%.

Entravision Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 8.60%. The ex-dividend date of this dividend was Monday, September 16th. Entravision Communications’s payout ratio is presently -18.52%.

Hedge Funds Weigh In On Entravision Communications

A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in Entravision Communications by 51.2% during the first quarter. SG Americas Securities LLC now owns 24,437 shares of the company’s stock worth $40,000 after buying an additional 8,280 shares in the last quarter. Rhumbline Advisers boosted its stake in Entravision Communications by 15.5% during the second quarter. Rhumbline Advisers now owns 96,011 shares of the company’s stock worth $195,000 after buying an additional 12,880 shares in the last quarter. The Manufacturers Life Insurance Company boosted 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 buying an additional 16,072 shares in the last quarter. Founders Financial Securities LLC acquired a new stake in Entravision Communications during the second quarter worth $33,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Entravision Communications in the 2nd quarter valued at $46,000. 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.