Entravision Communications (NYSE:EVC) Stock Passes Above Two Hundred 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 $2.21 and traded as high as $2.25. Entravision Communications shares last traded at $2.25, with a volume of 103,767 shares trading hands.

Entravision Communications Stock Up 3.9 %

The stock has a market capitalization of $202.03 million, a P/E ratio of -1.81 and a beta of 0.96. 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 firm has a 50-day simple moving average of $2.38 and a 200 day simple moving average of $2.21.

Entravision Communications (NYSE:EVC) last issued its quarterly earnings data 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 business had revenue of $97.16 million during the quarter.

Institutional Investors Weigh In On Entravision Communications

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Entravision Communications by 3.4% during the third quarter. Geode Capital Management LLC now owns 1,465,030 shares of the company’s stock worth $3,033,000 after acquiring an additional 48,773 shares during the last quarter. State Street Corp increased its position in Entravision Communications by 5.9% during the 3rd quarter. State Street Corp now owns 1,374,611 shares of the company’s stock valued at $2,845,000 after purchasing an additional 76,622 shares during the period. Empowered Funds LLC raised its holdings in Entravision Communications by 5.1% during the 4th quarter. Empowered Funds LLC now owns 438,144 shares of the company’s stock worth $1,030,000 after purchasing an additional 21,422 shares during the last quarter. Barclays PLC lifted its position in shares of Entravision Communications by 60.5% in the 3rd quarter. Barclays PLC now owns 169,068 shares of the company’s stock worth $351,000 after purchasing an additional 63,699 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of Entravision Communications by 40.0% in the 3rd quarter. Jane Street Group LLC now owns 152,119 shares of the company’s stock worth $315,000 after purchasing an additional 43,499 shares during the period. 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.