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

Shares of Entravision Communications Co. (NYSE:EVC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Entravision Communications Trading Up 2.4 %

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

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

Entravision Communications Dividend Announcement

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

Institutional Trading of Entravision Communications

A number of institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Entravision Communications by 3.4% during the third quarter. Geode Capital Management LLC now owns 1,465,030 shares of the company’s stock valued at $3,033,000 after buying an additional 48,773 shares in the last quarter. State Street Corp raised its holdings in Entravision Communications by 5.9% during the third quarter. State Street Corp now owns 1,374,611 shares of the company’s stock valued at $2,845,000 after buying an additional 76,622 shares in the last quarter. Empowered Funds LLC raised its holdings in Entravision Communications by 5.4% during the third quarter. Empowered Funds LLC now owns 416,722 shares of the company’s stock valued at $863,000 after buying an additional 21,172 shares in the last quarter. Barclays PLC raised its holdings in Entravision Communications by 60.5% during the third quarter. Barclays PLC now owns 169,068 shares of the company’s stock valued at $351,000 after buying an additional 63,699 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Entravision Communications by 40.0% during the third quarter. Jane Street Group LLC now owns 152,119 shares of the company’s stock valued at $315,000 after buying an additional 43,499 shares in the last quarter. Institutional investors and hedge funds 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.