Entravision Communications (NYSE:EVC) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Entravision Communications logo with Consumer Discretionary background

Entravision Communications Co. (NYSE:EVC - Get Free Report) shares 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 Trading Down 4.2 %

The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $193.92 million, a P/E ratio of -1.74 and a beta of 0.96. The firm's 50-day simple moving average is $2.38 and its 200-day simple moving average is $2.21.

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

Hedge Funds Weigh In On Entravision Communications

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its stake in shares of Entravision Communications by 104.1% during 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. Geode Capital Management LLC lifted its position in shares of Entravision Communications by 3.4% in the 3rd 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 period. Barclays PLC boosted its stake in shares of Entravision Communications by 60.5% during the 3rd quarter. Barclays PLC now owns 169,068 shares of the company's stock valued at $351,000 after purchasing an additional 63,699 shares in the last quarter. Jane Street Group LLC increased its position in shares of 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 during the period. Finally, State Street Corp raised its stake in Entravision Communications by 5.9% in the third quarter. State Street Corp now owns 1,374,611 shares of the company's stock worth $2,845,000 after buying an additional 76,622 shares in the last quarter. Institutional investors own 69.46% of the company's stock.

About Entravision Communications

(Get Free Report)

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.

Further Reading

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